The Parent Company That Develops a Product or Business Process

question 70

Multiple Choice

The parent company that develops a product or business process and sells the rights is known as the

• A) Franchisor
• B) Franchisee
• C) Company of origin
• D) Opening company

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Definitions:

Potential Investors

Individuals or entities that may consider allocating capital to a venture or project with the expectation of financial returns.

Business Brief

A concise summary of the key points of a business, including objectives, strategies, and market analysis.

Entrepreneur's Planning

The process where entrepreneurs outline their vision, goals, and actions to establish and grow their business.

Cameron Herold's Vivid Vision

A concept developed by Cameron Herold that emphasizes the importance of creating a detailed, descriptive vision of a company's future to align team efforts.