_____ is a contractual agreement between a parent company and an individual or a firm that allows the individual/firm to operate a certain type of business under an established name and according to specific rules set by the parent company.

Question

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The most visible variation of contractual systems is franchising, a contractual arrangement between a parent company (a franchiser) and an individual or firm (a franchisee) that allows the franchisee to operate a certain type of business under an established name and according to specific rules set by the franchiser.

_____ Is a Contractual Agreement Between a Parent Company and an Individual