Which Statement Best Describes a Franchise Arrangement

Which statement best describes a franchise arrangement?

A) An arrangement in which one party licenses its business practices to another party.
B) An arrangement in which one party exchanges goods or services with another party with little or no consideration.
C) An arrangement in which one party provides goods to another party to sell on its behalf and will accept all goods that are not sold.
D) An arrangement in which one party allows the purchaser to make payments over an extended period of time.

Correct Answer:

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