Dietizza Is a Fast Food Network That Makes Low-Calorie Pizzas

question 18

Multiple Choice

Dietizza is a fast food network that makes low-calorie pizzas. As the firm wishes to expand its operations in different locations, it has licensed a few entrepreneurs to open Dietizza outlets under the company's trademark. The entrepreneurs will take up the responsibility of costs, while Dietizza will assist them in running operations. The company will receive royalty payments and a percentage of profits from the entrepreneurs. Which of the following concepts is illustrated here?

• A) Exporting
• B) Franchising
• C) Setting up of a wholly owned subsidiary
• D) Strategic alliance
• E) Joint venture

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Definitions:

Carrying Capacity

The largest number of individuals of a species that can be supported by an environment over an indefinite period, based on the resources it has available.

Species Diversity

The variety of different types of species in a particular region or ecosystem.

Living System

An organized group of biological structures demonstrating the characteristics of life, such as growth, reproduction, responsiveness, metabolism, and homeostasis.

Predictability

The extent to which future states or occurrences can be foreseen based on current knowledge and past patterns.