For an Initial Fee and Royalties, Lemmongrass Inc

Multiple Choice

For an initial fee and royalties, Lemmongrass Inc. has licensed its entire business to an organization called Powersurge, located in another country. It has provided this organization with training and marketing assistance to successfully run the business. In this context, Powersurge is a(n) _____.

A) ​licensor
B) ​franchisee
C) ​joint venture
D) ​importer
E) ​wholly owned affiliate