Kwan Wants to Open a New Business in His Own

question 26

Multiple Choice

Kwan wants to open a new business in his own country, Singapore. He has decided on a form of licensing that will provide him with a standard package of products, systems, and management services in order to sell fast food to local residents. What is the form of business Kwan has chosen?

• A) direct sales
• B) indirect exporting
• C) joint venture
• D) strategic alliance
• E) franchising

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Definitions:

Integrator

An individual or tool that combines various elements or systems into a cohesive, functioning whole.

Different Perspectives

The existence of varied viewpoints, opinions, or approaches within a group, enriching understanding and solutions to issues.

Empowerment Skills

Abilities and competencies that enable individuals to gain the power and confidence to make decisions, face challenges, and exert control over their lives.

Process Skills

Abilities or competencies related to managing and executing procedural tasks effectively, such as planning, monitoring, and troubleshooting.