Network marketing which business opportunity involves higher start up costs Franchise which business opportunity obtains licenses to use a brand name The business opportunity that obtains licenses to use a brand name is the creator of a product franchise A franchise is a type of business in which the owner of a brand, known as the franchisor, grants a license to someone else, known as the franchisee, to operate a business using their brand name, trademarks, and other proprietary knowledge. Involves using a brand’s logo or characters on merchandise like apparel, accessories, and toys Allows the licensee to use the brand’s business model and trademark to operate a similar business.
An example of an risk is a natural disaster [entrepreneurship risks and benefits] 4 A business opportunity is an that lets a buyer start a business [characteristics of a business opportunity] 5 A needs to be obtained to use a brand name on products [characteristics of a business opportunity] 6.
Licensing simply involves giving a company the rights to manufacture products, use names and offer services that are normally owned by another company It is a business model that allows entrepreneurs or organizations make use of your business name and/or trademarks for a fee as agreed by both parties. Learn how to use brand licensing to expand your business nationwide, boost recognition & drive growth with proven strategies & real examples.
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