Question

Real Events Promotion Corporation licenses Stadium Souvenirs, Inc., to sell Real Events caps, sweatshirts, and similar goods. This is Select one: a. an entrepreneur. b. a sole proprietorship. c. a principal-agent relationship. d. a franchise.

Answer 1

d. a franchise.

Step-by-step explanation:

A franchise is a license acquired by a business (franchisee) that gives them access to another business's (franchisor) knowledge or allows the franchisee to sell goods and services of the other business.

The franchisee produces or markets the goods under the patented or trademarked name of the franchisor.

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