Question

In his search for a franchised business that would satisfy his passion for the outdoors and earn him a decent living, andrew noted that the shared profit criterion required of franchisors had significant variance. Some required franchisees to pay 7% of their monthly revenues to the franchisor. Others required 4% of the profits. In business we refer to this obligation as a

Answer 1

Answer:

In business we refer to this obligation as "Royalty".

Explanation:

In general business terms, royalty or royalties are those agreed percentages which are given to a person.

This agreed percentage is that of the "net profits" made on an asset. They are modes of compensation in a way. This is typically defined as the interest, the right to collect a series of interests in payment form against an asset.

Answer 2

Answer:

Answer:

In business we refer to this obligation as "Royalty".

Explanation:

In general business terms, royalty or royalties are those agreed percentages which are given to a person.

This agreed percentage is that of the "net profits" made on an asset. They are modes of compensation in a way. This is typically defined as the interest, the right to collect a series of interests in payment form against an asset.