Question

_____ refers to an arrangement by which the owner of a product or service allows others to purchase the right to distribute the product or service with help from the owner. Franchising Business incubation Spinning-off Globalization Right offerings

Answer 1

Answer:

The correct answer is letter "A": Franchising.

Explanation:

A franchise is an enterprise through which a franchisee acquires access to the proprietary information, processes, and trademarks of an existing enterprise called the franchisor. A franchise offers the opportunity to own a company while avoiding many of the initial challenges. The franchisor purchases the right to market a good or service under the brand name of a well-known organization.