Question

A ___________ is an arrangement whereby someone with a good idea for a business sells the rights to use the business name and to sell a product or service to others in a given territory.

Answer 1

Franchise agreement

Step-by-step explanation:

A franchise is a license a franchisee (the ones that are interested in buying the idea) gets to have access to a party's knowledge (or idea for business in this case) to use it. In exchange for the franchise, the franchisee receives a payment.

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