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What is Royalty?

Answer Posted / manoj bassi

when a business gets expansion, then the owner spreads its
operations in the for mof franchisees.....
under the franchise system, one gets the right to use his
name & work as a seprate entity.
So for that, the person has to pay the royality to the
owner for using his name.

Is This Answer Correct ?    14 Yes 9 No



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