Questions: What form of business ownership is a contractual agreement whereby someone with a good idea for a business sells others the rights to use the business name and sell a product or service in a given territory in a specified manner? contract manufacturing franchising licensing exporting

The answer is: franchising.

Explanation for each option:

1. Contract Manufacturing: This refers to a business arrangement where a company contracts with a manufacturer to produce its products. The manufacturer produces the goods according to the company's specifications. This is not related to selling the rights to use a business name or sell a product/service.

2. Franchising: This is the correct answer. Franchising is a form of business ownership where a franchisor (someone with a successful business idea) grants the franchisee (another party) the rights to operate a business using the franchisor's name, brand, and business model in a specific territory and manner. Examples include fast-food chains like McDonald's or retail stores like 7-Eleven.

3. Licensing: Licensing involves granting permission to a company or individual to use intellectual property, such as patents, trademarks, or technology, under defined conditions. While it can involve the use of a business name or product, it does not typically include the comprehensive business model and operational support that franchising does.

4. Exporting: Exporting is the process of selling goods or services produced in one country to another country. This does not involve selling the rights to use a business name or business model.

In summary, franchising is the form of business ownership described in the question, where a business idea is sold along with the rights to use the business name and sell a product or service in a specified manner and territory.