Al Also Suggested Another Way Jenna Could Finance Her Expansion

question 223

Multiple Choice

Al also suggested another way Jenna could finance her expansion.He described setting-up a chain of AutoMotion Garages by selling the rights to use AutoMotion's name,business model,garage design and service ideas to others who would like to own a similar shop.These individuals would pay AutoMotion an initial fee and monthly royalties based on earnings.Al is suggesting that Jenna set up a:

• A)Joint venture.
• B)Franchise arrangement.
• C)C corporation.
• D)Master limited partnership.

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Definitions:

Brand Name

A brand name is the unique name given to a product or service by a company, which differentiates it from others in the market.