A business that exists because of an arrangement between the owner of a trade name or trademark and a person who sells goods or services under the trade name or trademark is known as an) ________.
A)Franchise
B)Joint partnership
C)Approved arrangement
D)Consensual seller
E)Joint venture

Question

Quizplus · Accepted Answer

A)A franchise is a business that exists because of an arrangement between the
franchisor,an owner of a trade name or trademark,and the franchisee,a person who sells goods or services under the trade name or trademark.
B)A franchise is a business that exists because of an arrangement between the franchisor,an owner of a trade name or trademark,and the franchisee,a person who sells goods or services under the trade name or trademark.
C)A franchise is a business that exists because of an arrangement between the franchisor,an owner of a trade name or trademark,and the franchisee,a person who sells goods or services under the trade name or trademark.
D)A franchise is a business that exists because of an arrangement between the franchisor,an owner of a trade name or trademark,and the franchisee,a person who sells goods or services under the trade name or trademark.
E)A franchise is a business that exists because of an arrangement between the franchisor,an owner of a trade name or trademark,and the franchisee,a person who sells goods or services under the trade name or trademark.

A Business That Exists Because of an Arrangement Between the Owner