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11 November, 21:12

Without creating a separate business organization, Reynold starts up and assumes the financial risk of, Sole Savers, a new, pre-owned auto sales enterprise.

Reynold is:

(A) a partner.

(B) a franchisor.

(C) a franchisee.

(D) a sole proprietor.

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  1. 11 November, 21:16
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    C: a franchisee

    Explanation:

    One of the responsibilities of a franchisee is to bear risk of the franchisor.

    A franchise is a business relationship where a firm goes into agreement with another firm to represent the former in another geographical region or service. The franchisor is the parent company while the franchisee is the independent agent.
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