A form of licensing in which the licensee buys the complete support package needed to open the business is a:
A) licensing agreement.
B) management contract.
C) wholly owned subsidiary.
D) joint-venture.
E) franchise.

Question

Quizplus · Accepted Answer

Franchising is a form of licensing where the franchisor provides a complete package for starting and operating a business to the franchisee, including branding, operational systems, and ongoing support.

A Form of Licensing in Which the Licensee Buys the Complete