A company that develops a product concept and sells other the rights to make and sell the product is called a(n):
A) Franchisee
B) Exporter
C) Franchisor
D) Importer

Question

Quizplus · Accepted Answer

A company that develops a product concept and sells the rights to make and sell the product is called a franchisor. A franchisor grants a license to its franchisees, allowing them to operate their own business using the franchisor's brand name, products, and processes. Exporters and importers are involved in the process of exporting and importing goods between countries. Franchisees are individuals or entities that buy the rights to operate a franchise from a franchisor. Therefore, the correct choice is C.

A Company That Develops a Product Concept and Sells Other