A(n) ________ Is an Arrangement Whereby Someone with a Proven

question 145

Multiple Choice

A(n) ________ is an arrangement whereby someone with a proven idea for a business sells the rights to use the business model, to sell a product or service to others in a given territory.

• A) conditional grant
• B) franchise agreement
• C) trade contract
• D) extended ownership agreement

Understand the concept and types of international business, including franchising, direct investment, and joint ventures.

Recognize the reasons why businesses expand into international markets.

Identify the various strategies for entering international markets, including importing, exporting, global sourcing, and licensing.

Appreciate the role of cultural awareness and global management skills in international business.

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Definitions:

Learning Style

Refers to an individual's preferred way of gathering, processing, and evaluating information during the learning process.

Learning Style

The preferred or most effective method by which an individual learns and acquires information, such as visual, auditory, or kinesthetic.

Adult Learners

Describes individuals beyond the traditional college age who engage in learning activities, emphasizing the unique characteristics and needs of this demographic.

Theoretical Frameworks

Structured sets of concepts and propositions that are aimed at explaining phenomena by specifying relations among variables.