Panda Express offers individuals in China the right to use its brand name and all related trademarks and its business know-how, such as secret recipes and customer interfacing techniques, in return for royalties. Panda Express is acting as the ____ in this scenario.Group of answer choicesLicensorLicenseeFranchisorFranchisee
Question
Panda Express offers individuals in China the right to use its brand name and all related trademarks and its business know-how, such as secret recipes and customer interfacing techniques, in return for royalties. Panda Express is acting as the ____ in this scenario.Group of answer choicesLicensorLicenseeFranchisorFranchisee
Solution
Panda Express is acting as the Franchisor in this scenario.
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