Question

The term for the entity or person that is granted a license to operate and sell goods in a foreign state by a franchise agreement is a:_______

Answer 1

The term for the entity or person that is granted a license to operate and sell goods in a foreign state by a franchise agreement is a: franchisee.

A franchise (or franchising) is a technique of distributing products or services involving a franchisor, who establishes the emblem's trademark or trade name and an enterprise gadget, and a franchisee, who can pay a royalty and regularly an initial price for the right to do business beneath the franchisor's call and machine.

While a franchisor is a longtime entrepreneur with a licensed commercial enterprise version, a franchisee is a person or organization that owns and operates the commercial enterprise through the use of the commercial enterprise model certified via the franchisor. Franchising describes the enterprise dating between the franchisor and franchisee.

In franchising, a franchise proprietor partners with a corporate brand to open a commercial enterprise under the brand's umbrella. The franchisee owns and operates that region the use of the franchisor's brand name, logo, products, services, and other belongings.

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