Instructions: Identify the Following Terms

question 46

Short Answer

Instructions: Identify the following terms.
Bushido

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Definitions:

Franchisor

An individual or company that grants the license to third parties to conduct business under its trademark, business model, and brand.

Franchise Agreement

A legal, binding contract between a franchisor and franchisee, outlining the terms and conditions for the franchise operation.

Rights

Entitlements or freedoms that are guaranteed by law, social norms, or ethical principles.

Business Organization

An entity formed for the purpose of carrying out commercial enterprise. Such organizations come in different forms including partnerships, corporations, and sole proprietorships.