Question

A business arrangement where one party allows another party to use a business name and sell

its products or services is known as__________.

A. A cooperative.

B. A franchise.

C. An owner-manager business.

D. A limited company.
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Answer 1

Explanation:

b.A franchise

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Answer 2

Answer:

The correct option is B. A franchise.

Explanation:

• Particularly in the normal setup where the franchisee is an individual, unincorporated partnership, or small privately-held business, franchising is rarely an equal partnership because this will assure the franchisor has significant legal and/or financial advantages over the franchisee.
• The typical exception to this rule is when the potential franchisee is also a strong corporate body in charge of a highly valuable location and/or captive market, forcing potential franchisors to compete to exclude one another from.
• Franchising can, however, be a successful business model for both a large franchisor and a small franchisee if certain conditions are met, such as transparency, favorable legal restrictions, adequate financial resources, and thorough market research.

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