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Authorised Share Capital

The franchise...

Question

The franchisee pays to the franchiser a sum off money called _______ for using his business know-how and trade mark.

A

Trade balance

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B

Royalty

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C

Sales dues

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D

Account balance

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Solution

The correct option is B Royalty
A royalty is a payment made by one party, the licensee or franchisee to another that owns a particular asset, the licensor or franchisor for the right to ongoing use of that asset.

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Similar questions

Q. The Licensee pays to the Licensor, a sum of money called ________or using his business know-how and trade mark.

Q. The right to use the business know-how and trade mark of the franchiser is for a ________period of time.

Q. The franchiser allows the franchisee to use his _______under a license.

A. In turn, the buyer is called the franchisee.

B. These two parties are called the franchisor and franchisee.

C. This means that it gives permission for the buyer to use its name and sell its product.

D. He pays money to the franchisor, and agrees to obey the rules and franchisor makes.

E. A franchising agreement includes two parties.

F. The franchisor the business house/entity which grants the franchisee license.

Rearrange the following six sentences A, B, C, D, E and F in the proper sequence to form a meaningful paragraph; then answer the questions given them.
Which of the followings should be the SECOND sentence after arrangement.

Q. Where a firm allows another firm in a foreign market to use its technical know-how and trade mark, it is known as _________.

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