A contractual arrangement between a parent company and an individual or firm that allows the individual or firm to operate a certain type of business under an established name and according to specific rules is called:

A contractual arrangement between a parent company and an individual or firm that allows the individual or firm to operate a certain type of business under an established name and according to specific rules is called:



A.

a corporate vertical marketing system.


B.

a wholesaler-sponsored voluntary chain.


C.

a retailer-sponsored cooperative.


D.

franchising.



Answer: D


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