________ Is a Form of Business Ownership in Which a Firm

question 62

Multiple Choice

________ is a form of business ownership in which a firm that already has a successful product or service licenses its trademark and method of doing business to other business in exchange for an initial franchise fee and an ongoing royalty.

• A) Licensing
• B) Joint Venturing
• C) Contracting
• D) Subcontracting
• E) Franchising

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Definitions:

Operating Cash Flows

The amount of cash generated by a company's regular business operations.

Sunk Costs

Expenses that have already been incurred and cannot be recovered.

Project Undertaken

Refers to a specific initiative or task that has been started or committed to, usually within a business or professional context.