BBX Represents Several Firms at Once and Usually Does Not

question 204

Short Answer

BBX represents several firms at once and usually does not specialize in a particular product or market. It is a(n)
independent agent.
royalty company.
licensing company.
branch office.
strategic alliance.

---

Definitions:

Laissez Fair Capitalism

An economic system where private parties are free from government intervention in their economic decisions.

Monopolistic Competition

The market structure that exists when there are fewer businesses than in a pure-competition environment and the differences among the goods they sell are small.