The correct answer is: a franchise.

Step 1: Understand the question. The question is asking for the term that refers to the license to sell another's products or use another's name in business.

Step 2: Look at the options. We have four options: a co-operative, a franchise, equity financing, and a direct investment.

Step 3: Match the correct term with the definition given in the question.

- A co-operative is a business or organization run by the people who work for it, which is not what the question is asking for.
- A franchise is a right granted to an individual or group to market a company's goods or services within a certain territory or location, which matches the definition given in the question.
- Equity financing is the process of raising capital through the sale of shares in an enterprise, which is not what the question is asking for.
- A direct investment refers to the purchase of a controlling interest in a foreign business, which is also not what the question is asking for.

Step 4: Choose the correct answer. Based on the definitions of the terms, the correct answer is a franchise.

Question

The correct answer is: a franchise.

Step 1: Understand the question. The question is asking for the term that refers to the license to sell another's products or use another's name in business.

Step 2: Look at the options. We have four options: a co-operative, a franchise, equity financing, and a direct investment.

Step 3: Match the correct term with the definition given in the question.

- A co-operative is a business or organization run by the people who work for it, which is not what the question is asking for. 
- A franchise is a right granted to an individual or group to market a company's goods or services within a certain territory or location, which matches the definition given in the question. 
- Equity financing is the process of raising capital through the sale of shares in an enterprise, which is not what the question is asking for. 
- A direct investment refers to the purchase of a controlling interest in a foreign business, which is also not what the question is asking for.

Step 4: Choose the correct answer. Based on the definitions of the terms, the correct answer is a franchise.

Knowee AI · Accepted Answer

The correct answer is: a franchise.

Step 1: Understand the question. The question is asking for the term that refers to the license to sell another's products or use another's name in business.

Step 2: Look at the options. We have four options: a co-operative, a franchise, equity financing, and a direct investment.

Step 3: Match the correct term with the definition given in the question.

- A co-operative is a business or organization run by the people who work for it, which is not what the question is asking for. 
- A franchise is a right granted to an individual or group to market a company's goods or services within a certain territory or location, which matches the definition given in the question. 
- Equity financing is the process of raising capital through the sale of shares in an enterprise, which is not what the question is asking for. 
- A direct investment refers to the purchase of a controlling interest in a foreign business, which is also not what the question is asking for.

Step 4: Choose the correct answer. Based on the definitions of the terms, the correct answer is a franchise.

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