Any arrangement in which the owner of a trademark, trade name, or copyright licenses another to use that trademark, trade name, or copyright, under specified conditions or limitations, in the selling of goods and services is

The correct answer is: Franchise.

Explanation:

A Franchise is a company in which one party -the franchisee- gains access to the proprietary information, procedures, and trademarks of an established business -the franchisor. A franchise provides the opportunity to own a company while avoiding many of the initial challenges. The franchisee purchases the right to sell a product or service under an established brand name, the customer already knows the brand, so there is no need for additional resources to launch the products.

a.