(solution) Clark Jensen recently opened a Planet Smoothie franchise. So far,

(solution) Clark Jensen recently opened a Planet Smoothie franchise. So far,

Clark Jensen recently opened a Planet Smoothie franchise. So far, he is very satisfied with Planet Smoothie because in exchange for an initial franchise fee and an ongoing royalty payment, Planet Smoothie has provided Clark a formula for doing business along with training, advertising, and other forms of assistance. Clark purchased a ________ franchise.

business extension
formula driven
sales extension
business format
product and trademark