The right or license granted to an individual or group to market another company's goods or services is called a franchise.

Name: The right or license granted to an individual or group to market another company's goods or services is called a franchise.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A franchise is indeed a type of license that grants a franchisee access to a franchisor's proprietary business knowledge, processes, and trademarks, thereby allowing the franchisee to sell a product or service under the franchisor's business name.

The Right or License Granted to an Individual or Group