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Explain Franchising as an Entry Strategy into Foreign Markets

question 84

Essay

Explain franchising as an entry strategy into foreign markets. Describe three advantages and three disadvantages of franchising for the franchisee.


Definitions:

Monozygotic Twins

Twins who are genetically identical, resulting from the splitting of a single fertilized egg.

Genetically Identical

Describes organisms, such as twins or cells, that have exactly the same DNA.

Dizygotic Twins

Also known as fraternal twins, these are siblings born from two separate eggs fertilized by two different sperm, sharing about 50% of their DNA.

Fertilized Ova

A zygote formed when an egg cell is fertilized by a sperm, marking the beginning of embryonic development.

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