A contractual arrangement between a parent company and an individual or firm that allows them to operate a certain type of business under an established name and according to specific rules is called Blank______.

Question

A contractual arrangement between a parent company and an individual or firm that allows them to operate a certain type of business under an established name and according to specific rules is called Blank______.
Multiple choice question.

franchising

exclusive distribution

a channel partnership

merchant wholesaling

GPT-4o mini · Answer

The correct answer is **franchising**.