A(n)___________ is an arrangement whereby someone with a good idea for a business sells the rights to use the business name and sell a product or service to others in a given territory.
A)conditional grant
B)franchise agreement
C)trade contract
D)extended ownership agreement

Question

Quizplus · Accepted Answer

This is the definition of a franchise agreement, where the franchisee is granted the right to use the franchisor's business name and sell their products/services in a specific territory in exchange for fees and royalties. The other options are not applicable to this scenario.

A(n)___________ Is an Arrangement Whereby Someone with a Good Idea