_____ Refers to an Arrangement by Which the Owner of a Product

question 7

Multiple Choice

_____ refers to an arrangement by which the owner of a product or service allows others to purchase the right to distribute the product or service with support from the owner.

• A) Franchising
• B) Business incubation
• C) Spinning-off
• D) Globalization
• E) Right offerings

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Definitions:

Observational Learning

A form of learning that occurs through observing the behavior of others and the consequences of that behavior.

Reinforcement

In operant conditioning, any event that strengthens, or increases the frequency of, a desired behavior.

Strengthen Behaviour

The process of increasing the likelihood that a behavior will be repeated through reinforcement or reward.

Learning Theorists

Scholars and psychologists who study and develop theories about how people acquire knowledge, skills, attitudes, and behaviors.