Question
Download Solution PDFSelect the most appropriate word for the given group of words.
License granted to an individual or group to market a company's goods or services in a particular territory
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is "Franchise."
Key Points
- Among the given options, the word "franchise" can replace the given phrase.
- A franchise is a license granted to an individual or group to market a company's goods or services in a particular territory.(विशेष अधिकार)
- The franchisee pays a fee to the franchisor for the right to use their business model and brand name.
- Example: They just opened a new fast-food franchise.
Hence, the correct answer is option 4.
Additional Information
- "Branding" refers to the process of creating a distinctive name and image for a product or company.
- "Marketing" involves promoting and selling products or services.(विपणन)
- "Monopoly" refers to a situation in which a single company or group has control over a particular market or industry.(एकाधिकार)
Last updated on Jul 14, 2025
-> The IB ACIO Notification 2025 has been released on the official website at mha.gov.in.
-> SSC MTS Notification 2025 has been released by the Staff Selection Commission (SSC) on the official website on 26th June, 2025.
-> For SSC MTS Vacancy 2025, a total of 1075 Vacancies have been announced for the post of Havaldar in CBIC and CBN.
-> As per the SSC MTS Notification 2025, the last date to apply online is 24th July 2025 as per the SSC Exam Calendar 2025-26.
-> The selection of the candidates for the post of SSC MTS is based on Computer Based Examination.
-> Candidates with basic eligibility criteria of the 10th class were eligible to appear for the examination.
-> Candidates must attempt the SSC MTS Mock tests and SSC MTS Previous year papers for preparation.