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A franchise agreement is a form of business opportunity where one party grants to another the right to sell goods or services under a marketing plan developed by the grantor.

a) True
b) False
c) Only for food-related businesses
d) Depends on the size of the franchise

User Tfogo
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8.1k points

1 Answer

4 votes

Final answer:

A franchise agreement is a business opportunity where one party grants another the right to sell goods or services under a marketing plan. Franchisees purchase the rights to start a business based on a model designed by the franchisor.

Step-by-step explanation:

A franchise agreement is a form of business opportunity where one party grants to another the right to sell goods or services under a marketing plan developed by the grantor.

A franchise is another way to begin a business by purchasing the rights to start a business based upon a model designed by the franchisor, who in many cases provides training, supply chain support and support in setting up operations. In return, the franchisee pays a franchise fee, as well as royalty fees to the franchisor.

User Rafal Zajac
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8.2k points
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