Answer:
Part a.
Rosa and Miranda are running a Partnership
Part b.
Smoothie Sensations is a Franchisor
Explanation:
Partnership
The Partnership Act of 1890 defines a partnership as a relationship which exists between persons carrying on business in common with a view of profit. Common characteristic of a Partnership include an agreement by partners to each subscribe an amount of capital in the business and the sharing of profits and loses of the business. Rosa and Miranda are in a Partnership business as they take up most of the characters of this business.
Franchisor
A Franchisor is an original and existing business which sells the right to open stores, and sell products or services using its brand, expertise and intellectual property. This is a strategy used by many businesses to grow externally or market themselves. Smoothie Sensations decides to sell the right to use its brand name and product to others who will open these shops, thus it is running a franchise.