Which business opportunity obtains licenses to use a brand name? Licensing Managing cash flow Market size Relationships Management skillset Network marketing Franchise Passion

Question

Which business opportunity obtains licenses to use a brand name? Licensing Managing cash flow Market size Relationships Management skillset Network marketing Franchise Passion

Answer 1

The business opportunity that obtains licenses to use a brand name is a franchise. In a franchise, the franchisee (the individual or company purchasing the right to use the franchisor's brand name and business model) pays fees and royalties to the franchisor in exchange for the right to use the brand name, products, and operating system. This allows the franchisee to operate a business that is part of a larger network of similar businesses, with the benefit of established brand recognition and support from the franchisor.

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Which business opportunity obtains licenses to use a brand name? Licensing Managing cash flow Market size Relationships Management skillset Network marketing Franchise Passion

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