A person who buys the right to use a business name and sell a product within a given territory is called a:
A)Stockholder.
B)Franchisee.
C)Limited franchisor.
D)Venture capitalist.

Question

Quizplus · Accepted Answer

A franchisee is a person who buys the right to use a business name and sell a product within a given territory from the franchisor. Stockholders own shares in a company, limited franchisors do not exist as a defined term, and venture capitalists invest in early-stage companies in exchange for equity ownership.

A Person Who Buys the Right to Use a Business