Suppose during college you work part$-$time at a local ice cream shop. It is unique and profitable in your "college town" environment. After graduation, you decide that you would like to open a shop like it in a similar environment in which you feel it would be equally successful. If you purchase the right to operate the ice cream shop from the owner, you have used which route to getting involved in a small business?

Licensing agreement

Franchise

Partnership

Sole proprietorship

Succession plan