Bob's Barbecue Has Expanded Its Operations to Include Several Foreign

question 54

Short Answer

Bob's Barbecue has expanded its operations to include several foreign countries. Bob has given individuals or organizations in those countries exclusive rights to market Bob's products. He has shared his secret recipe and trade secrets on how to produce the products. In return for this, Bob will receive a percentage of the revenues generated in each of the countries. Bob's arrangements are best described as a(n)
licensing arrangement.
independent agent.
strategic alliance.
direct investment.
branch office.

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Definitions:

Auto Theft

The illegal act of stealing or attempting to steal a motor vehicle.

Shoplifting

The act of stealing merchandise from a retail establishment without paying for it.

Opportunist Robber

A criminal who takes advantage of a situation to commit theft, often acting on impulse when a vulnerable target presents itself.

Deep Commitment

A profound dedication or strong emotional bond to a cause, activity, or another person.