Which of the Following Statements Is True About Licensing and Franchising

question 1

Multiple Choice

Which of the following statements is true about licensing and franchising?

• A) It involves setting a fully operational independent entity in a foreign country to conduct business.
• B) Unlike franchising,licensing is used by service firms such as hotels and fast-food chains.
• C) Like franchising,licensing is a high-cost means of market entry.
• D) The most important risk involved with licensing is the potential loss of proprietary advantage.

Understand the constraints on geometric tolerancing related to feature size and form.

Understand the principles and applications of DNA manipulation techniques.

Learn the basics of gel electrophoresis and its role in DNA analysis.

Comprehend the significance of recognition sequences and restriction enzymes in genetic engineering.

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Definitions:

Cohesion

refers to the degree of camaraderie and unity within a group, influencing its efficiency, satisfaction, and longevity.

Instrumental Means

Tools or methods used to achieve a specific end or goal, especially within the context of achieving desired outcomes or objectives.

Different Skills

The range of abilities and competencies that individuals possess, which can vary widely from one person to another, including technical, interpersonal, and cognitive skills.

Team Cohesion

The level of camaraderie and unity among members of a team, affecting their cooperation and collective efficacy.