163k views
3 votes
________ is a contractual agreement that specifies the methods by which a dealer can produce and market a supplier's good or service.

a) Franchise
b) Merger
c) Acquisition
d) Partnership

User Mistertim
by
6.6k points

1 Answer

5 votes

Final answer:

A franchise option a, is a contractual agreement that allows a dealer to produce and market a supplier's goods or services based on a predetermined model. The franchisor provides support and the franchisee pays fees in return.

Step-by-step explanation:

An franchise option a, is a contractual agreement that specifies the methods by which a dealer can produce and market a supplier's good or service. It is another way to begin a business by purchasing the rights to start a business based upon a model designed by the franchisor. The franchisor provides training, supply chain support, and support in setting up operations, while the franchisee pays a franchise fee and royalty fees to the franchisor.

User Jamie Folsom
by
7.8k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.