An Arrangement by Which the Owner of a Product or Service

question 36

Multiple Choice

An arrangement by which the owner of a product or service allows others to purchase the right to distribute the product or service with help from the owner is known as:

• A) franchising
• B) business incubation
• C) spinning-off
• D) globalisation
• E) right offerings.

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Definitions:

Mental Images

Visual representations created by the brain for simulation and recall of experiences, objects, or concepts.

Mental Processes

Internal, covert activities of our minds, such as thinking, feeling, and problem-solving.

Real-World Counterparts

Objects, situations, or phenomena in the actual world that correspond to concepts, models, or examples in theoretical or simulated scenarios.

Mental Images

Visual representations in the mind's eye that are used in memory, creative visualization, and problem-solving.