Which of the following statements is correct about a franchisee or a franchisor?(1 point) Responses The franchisor may pay royalties to the franchisee. The franchisor may pay royalties to the franchisee. The franchisor typically pays for the costs of developing and testing a new product. The franchisor typically pays for the costs of developing and testing a new product. The franchisee owns the trademarks and products of the brand. The franchisee owns the trademarks and products of the brand. The franchisee does not receive the right to operate in a geographical area.

Answer 1

The franchisor typically pays for the costs of developing and testing a new product.