The exclusive right to sell a good or service within a specific market is a franchise. A market is a place where goods and services can be sold, there can be a single specific market for a particular good, or it can be a whole market.
What is Exclusive market?
Exclusive Market refers to global individual multi-level network marketing and distribution of Patches that excludes institutional, retail, direct response infomercial or commercial spots, electronic retailing marketing and distribution of Patches.
Thus, it is franchise.
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