A Person Who Buys the Right to Use a Business

question 335

Multiple Choice

A person who buys the right to use a business name and sell a product within a given territory is called a:

• A)Stockholder.
• B)Franchisee.
• C)Limited franchisor.
• D)Venture capitalist.

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Definitions:

Independent Decisions

Choices or judgments made autonomously, without the influence or direction from others, emphasizing self-reliance and personal judgment.

International Operations

Business activities that involve managing production, distribution, marketing, or any other functions across different countries.

Compensation Manager

A professional responsible for developing and implementing an organization's compensation strategy, including salaries, benefits, and bonuses.

Multidomestic Firm

A company that operates in multiple countries, tailoring strategies, products, and operations to each local environment.