What is the meaning of the term 'Franchise'?

Show Answers

A right or privilege formally given by a government or authority.Permission given to an individual to market or distribute a company's products or services within a specific region.A defined area or boundary where certain rights or privileges can be exercised.All of the above.

Explanation

Option A refers to a right or privilege officially granted by an authority. Option B describes the authorization to sell or distribute products or services in a designated area. Option C indicates the territorial limits within which rights or privileges apply. Therefore, the correct answer is D, which includes all these aspects.