A(n)__________ is an arrangement whereby someone with a good idea for a business sells the rights to use the business name and sell the parent company's product or service to others in a given territory in a specified manner.

Respuesta :

Answer: Franchising

Explanation:

 The franchising is the term which refers to the marketing concept that helps in adopting the various types of business concepts and the strategies for expanding the business.

It is also one of the type of arrangement where the one organization grants the rights to another organization for using their brands and products for the purpose of franchisee.

According to the given question, the franchising is basically used some better ideas for developing their business name by selling the various types of products and the services in the market.  

 Therefore, Franchising  is the correct answer.