Franchising Is a Form of Exporting

question 31

True/False

Franchising is a form of exporting.

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Definitions:

Consumer Needs

Identifies the desires or requirements of buyers that products or services aim to fulfill.

Societal Benefit

Advantages or contributions that an action or policy provides to the well-being of society as a whole.

Target Market Segments

Specific groups of consumers targeted by a company's marketing efforts, identified by shared characteristics.

Initial Launch

The first introduction of a product or service to the market, marking the beginning of its commercial journey and consumer availability.