A person who buys the right to use a business name and sell a product within a given territory is called a
A) stockholder.
B) franchisee.
C) limited franchisor.
D) venture capitalist.

Question

Quizplus · Accepted Answer

A franchisee is a person who buys the right to use a business name and sell a product within a given territory. Stockholders own a portion of a company through the ownership of shares of stock, while a limited franchisor is not a commonly used term. A venture capitalist is an investor who provides funding to start-up companies or early-stage businesses with high growth potential in exchange for equity in the company.

A Person Who Buys the Right to Use a Business