A form of licensing in which the licensee buys the complete support package needed to open the business is a:

A) licensing agreement.
B) management contract.
C) wholly owned subsidiary.
D) joint-venture.
E) franchise.

Licensing

The granting of permission by an authority or owner to use a certain piece of intellectual property, product, or service under agreed terms.

Franchise

A type of business agreement that allows one party (the franchisee) to use the branding, operational model, and products or services of another party (the franchisor).

Support Package

A compilation of resources, tools, or services provided to assist individuals, organizations, or systems in achieving specific goals or overcoming challenges.