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Answer :
c. Franchise is the small business owner who contracts to buy a franchise from a franchisor, paying fees in return for support.
The small business owner who contracts to buy a franchise is called a franchisee. A franchise is a business model where the franchisee purchases the rights to start a business based on the franchisor's model.
In return for support from the franchisor, the franchisee pays a franchise fee and royalty fees. This relationship allows individuals to own and operate a business with the assistance of an established brand and support system.
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