A(n)_____________ is someone who has a good idea for a business and who sells the right to use the business name and sell a product or service within a given territory.
A)intrapreneur
B)venturist
C)limited partner
D)franchisor

Question

Quizplus · Accepted Answer

A franchisor is someone who has a successful business model and sells the right to use the business name, product, and marketing strategies to others (franchisees) in exchange for a fee or royalty. This allows the franchisor to expand their business while allowing the franchisee to own and operate their own business with the support and guidance of the franchisor.

A(n)_____________ Is Someone Who Has a Good Idea for a Business