Grm fast food corp., located in new york, grants truffle eateries, a chain of restaurants in paris, permission to produce and sell grm’s famous pizzas. truffle eateries will launch grm in paris and sell its products. the international business arrangement of grm fast food corp. is an example of a

Franchise

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question this is an example of a Franchise. This is an agreement between two businesses in which one business (franchisor) sells the rights to use their name and idea to another business (franchisee). This type of deal usually comes with certain requirements like having to follow all the guidelines and designs of the original business etc. This is what is happening between GRM Fast Food Corp and Truffle Eateries.

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