Which of the following is a business that exists because of an arrangement between the owner of a trade name or trademark and a person who sells goods or services under the trade name or trademark?
A) Joint venture
B) Franchise
C) Joint partnership
D) Consensual seller
E) Approved arrangement

Question

Quizplus · Accepted Answer

A franchise is a business that exists because of an arrangement between the franchisor, an owner of a trade name or trademark, and the franchisee, a person who sells goods or services under the trade name or trademark.

Which of the Following Is a Business That Exists Because