Franchising Is a Form of ________

question 100

Multiple Choice

Franchising is a form of ________.

• A) importing
• B) tactical alliance
• C) licensing
• D) joint venture
• E) direct investment

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Definitions:

Pareto Optimal

The allocation of resources in a manner that doesn't allow for the enhancement of one person's condition without the deterioration of another's.

Public Good

A public good is a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Private Good

A product or service that is consumed by an individual and cannot be used simultaneously by another individual.

Marginal Rate of Substitution

The rate at which a consumer can substitute one good for another while maintaining the same level of utility or satisfaction.