________ Is a Form of Business Ownership in Which a Firm

question 6

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) Franchising
• E) Sub-Contracting

---

Definitions:

Emotional Impacts

The effects of experiences or events on an individual's feelings and emotional state.

Anger

A strong emotional response characterized by feelings of displeasure or hostility, often resulting from perceived wrongs or frustrations.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, which can affect day-to-day functioning.

Depression

A psychological disorder defined by a continuously low mood or a lack of enjoyment in activities, which seriously disrupts everyday functioning.