Question

A _____ is an agreement between a small business owner and the parent company. *

1 point

Franchise

Proprietorship

Hybrid Business

Co-operative Business​

Answer 1

Answer:

I think so answer is 3 or 4th one.....

Answer 2

A Franchise is an agreement between a small business owner and the parent company

Definition of Franchise

The franchise is a method of distributing products over a place with the help of a franchisor.

• The franchise in this type of business makes the trademarks for the particular brand. He also pays a royalty amount.
• Apart from the royalty it also pays an initial fee as seeking the right to do business under the name of the initial franchisor.
• To understand easily it is an agreement between two parties, willing to do business, where one of the parties lets the other sell its commodities and IP.

Hence, the agreement between a small business and owner and parent company is a franchise. the best examples for this type of business is McDonald's, Pizza hut, KFC, etc