A __________ is a business entity that has a proven track record of success and sells the right to operate the business and use the business's trade secrets, trademarks, products, and so on.
A) Sole proprietorship
B) LLC
C) Franchise
D) LLLP

Question

Quizplus · Accepted Answer

A franchise is a type of business model where the franchisor (the owner of the business) allows a franchisee to use the business's name, products, and operational methods in exchange for a fee, sharing a proven business model and brand recognition.

A __________ Is a Business Entity That Has a Proven