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13 August, 09:20

A business franchise is defined as:

a. a merger

c. a cooperative

b. a semi-independent business that pays fees to a parent company

d. a business association that regulates the industry

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  1. 13 August, 12:32
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    The correct answer is letter b. a semi-independent business that pays fees to a parent company. Business franchise is composed of two people: Franchisee (owner) and Franchiser (who wants to own). It is a type of license that a party (franchisee) acquires to allow them to have access to a business's (the franchiser) proprietary knowledge.
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