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The Tim Hortons chain accounts for more than half of all the donut and coffee stores in Canada. The chain's red-and-white store banners are fixtures in many Canadian communities. In 2001, the first Tim Hortons appeared in the United States through a contractual agreement allowing an independent operation to adopt Tim Hortons' entire way of doing business. This agreement is an example of a(n)____

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sandlee09

Answer:

franchise

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question this agreement is an example of a franchise. This is an agreement between two entities, the Franchisor and franchisee. The Franchisor is the original business that sells the rights to use its name and idea to the Franchisee.

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