An Arrangement in Which the Firm Allows Another the Right

question 73

Multiple Choice

An arrangement in which the firm allows another the right to use an entire business system in exchange for fees, royalties, or other forms of compensation is known as ________.

• A) franchising
• B) licensing
• C) outsourcing
• D) offshoring

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Definitions:

Reactance

A psychological response where individuals feel compelled to assert their freedom in reaction to perceived restrictions or coercion.

Attractiveness

The quality or combination of qualities that gives pleasure to the senses or pleasurably exalts the mind or spirit, often related to physical appearance but also including traits like charisma and intelligence.

Chemistry

The science that deals with the composition, structure, and properties of substances and the changes they undergo.

Sayonara

A Japanese word used to express goodbye.