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The type of business opportunity that obtains licenses to use a brand name is referred to as a franchise. In a franchise, the franchisor grants. License the five factors that determine the viability of a business. A business opportunity that obtains licenses to use a brand name is called a franchise.
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The business opportunity that obtains licenses to use a brand name is the creator of a product franchise. In a franchise agreement, the franchisee (the business obtaining the license) pays the franchisor (the business granting the.