Question

_____ refers to an arrangement by which the owner of a product or service allows others to purchase the right to distribute the product or service with help from the owner.

a.
Globalization
b.
Business incubation
c.
Spinning-off
d.
Franchising
e.
Right offerings

Answer 1

Franchising is an arrangement where the owner of a product or service allows others to purchase the right to distribute it with the owner's support and assistance.

Step-by-step explanation:

Franchising refers to an arrangement by which the owner of a product or service allows others to purchase the right to distribute the product or service with help from the owner. In this model, the owner (franchisor) provides training, support, and supply chain assistance to the buyer (franchisee) in exchange for a franchise fee and royalty fees.