A ________ is a business that exists because of an arrangement between the owner of a trade name or trademark and a person who sells goods or services under the trade name or trademark.

A) joint venture
B) franchise
C) limited partnership
D) syndicate
E) limited liability company

Trade Name

The name under which a business operates and is known to the public, distinct from the company's legal name.

Franchise

A business arrangement between an owner of a trade name or trademark and a person who sells goods or services under the trade name or trademark.

Trademark

A symbol, word, or phrase legally registered or established by use as representing a company or product.