One Downside to Licensing/franchising Is That the Licensor/franchisor May Lose

question 46

True/False

One downside to licensing/franchising is that the licensor/franchisor may lose control over how their technology and brand are used.

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Definitions:

Capitalist Market

An economic system where trade, industries, and the means of production are largely or entirely owned and operated by private individuals or corporations, driven by profit.

Hidden Curriculum

The implicit, informal lessons, values, and viewpoints that students absorb during their time in school, not necessarily part of the formal curriculum.

Obedience

The act of following orders or instructions, often from a figure of authority.

Competition

The rivalry among businesses or individuals for the acquisition of customers, market share, or resources.