When a Firm Establishes a Long-Term Contract with Another Firm,whereby

question 2

Multiple Choice

When a firm establishes a long-term contract with another firm,whereby the first firm grants the second independent business the rights to use the former's name,reputation and business format,it is referred to as a:

• A)standard supply contract.
• B)joint venture.
• C)lease contract.
• D)franchise agreement.

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Definitions:

Kurt Lewin

A pioneering psychologist known for his work in group dynamics, social psychology, and organizational development, and for founding action research.

Ringelmann's Research

Investigates the phenomenon where individual productivity declines as group size increases, known as social loafing.

Effort

The amount of mental or physical energy put into a task or activity.

Group Size

Refers to the number of individuals forming a social or working group, affecting dynamics and interactions within.