Which of the Following Is NOT a Typical Strategy for Firms

question 11

Multiple Choice

Which of the following is NOT a typical strategy for firms to obtain benchmarking data about other companies?

• A) Discussing sourcing strategies with colleagues at business association meetings
• B) Hiring former employees from other companies and assessing their knowledge
• C) Utilizing resources from the Center for Advanced Purchasing Studies
• D) Collecting published trade information on benchmarking studies

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Definitions:

Franchisor

A company that grants the license to an individual or company allowing them to operate a business under the franchisor's brand and business model.

Necessary Ingredient

An essential component or element required for a particular process, action, or outcome to occur.

Franchise Agreement

A contract whereby a company (the franchisor) grants permission (a license) to another entity (the franchisee) to use the franchisor’s name, trademark, or copyright in the operation of a business and associated sale of goods in return for payment.

Termination

The act of ending something, such as employment or a contract, often following a specific procedure or due to certain conditions being met.