Franchising Is Employed Primarily by Service Firms,whereas Licensing Is Pursued

question 92

True/False

Franchising is employed primarily by service firms,whereas licensing is pursued primarily by manufacturing firms.

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Definitions:

Genetic Factors

Refers to the traits and conditions influenced by the genes inherited from one's parents, affecting physical and perhaps behavioral characteristics.

Environmental Factors

External elements like climate, pollution, and social settings that can influence an individual's health, behavior, and development.

Prototypes

Original or first examples that serve as a model or benchmark for subsequent versions in product development, design, or conceptualization.

Exemplars

Instances or examples that are typical of a category or group, used in cognitive psychology to understand how people categorize information.