Examlex

Solved

A Customer Goes into a Hardware Store and Buys a Screwdriver

question 262

Multiple Choice

A customer goes into a hardware store and buys a screwdriver set but is not aware of the brand.This is known as brand


Definitions:

Subsidiary Company

A company that is controlled by another company, known as the parent company or holding company.

Turnkey Operation

A business arrangement where a project or business is delivered in a complete and operational state.

Oil Refinery

An industrial process plant where crude oil is processed and refined into more useful petroleum products, such as gasoline, diesel fuel, and heating oils.

Licensing

A business arrangement in which one company allows another to use its trademark, patent, software, or other intellectual property for a fee or royalty.

Related Questions