A ________ Gives a Foreign Company the Rights to Oversee

question 2

Multiple Choice

A ________ gives a foreign company the rights to oversee the daily operations of a business but not to make decisions regarding ownership, financing, or strategic and policy changes.

• A)licensing agreement
• B)management contract
• C)turnkey operation
• D)lease

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Definitions:

Permission

The authorization or approval given by one party to another, allowing them to take a specific action or perform a certain task.

Franchisee

An individual or company that is granted the right by a franchisor to carry out business under the franchisor's brand and operational model.

Manager

An individual responsible for directing and overseeing the work of others and making strategic decisions for a business or organization.

Company Owned Store

A retail outlet that is directly owned and operated by the brand or company that offers its products or services, as opposed to being franchised.