________ Is an Arrangement Whereby Someone with a Good Idea

question 80

Multiple Choice

________ is an arrangement whereby someone with a good idea for a business sells the rights to use the business name and sell the parent company's product or service to others in a given territory in a specified manner.

• A) Franchising
• B) Contract manufacturing
• C) Import trading
• D) Export trading

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Definitions:

Iris

The colored part of the eye that controls the size of the pupil and, consequently, the amount of light that enters the eye.

Absolute Threshold

The minimum intensity of a stimulus that one can detect 50% of the time.

Response Criterion

The subjective standard or rule used by individuals to decide whether or not to respond in a particular situation.

Base Value

The initial value used as a reference point for comparison or calculation in various contexts, such as mathematics or finance.