A ___ is a business in which the owner of a business sells to another the right to operate the same business in another location.

Question

Quizplus · Accepted Answer

A franchise is a business model in which the owner of a business sells the right to use their brand and operating methods to another party in exchange for fees and royalties. The new owner, known as a franchisee, is granted the right to open and operate a business using the franchisor's brand and business model, typically in a specific location. The franchisee must follow the franchisor's rules and guidelines for operating the business.

A ___ Is a Business in Which the Owner of a Business