________ Is an Arrangement Whereby the Manufacturer or Sole Distributor

question 55

Multiple Choice

________ is an arrangement whereby the manufacturer or sole distributor of a trademarked product or service gives exclusive rights of local distribution to independent retailers in return for their payment of royalties and conformance to standardized operating procedures.

• A)A joint venture
• B)Franchising
• C)A merger
• D)A leveraged buyout

---

Definitions:

Measure

A method or tool used to quantify or assess a variable or phenomenon.

Understand

The ability to grasp the meaning, significance, or nature of something.

Friendship Repair Rituals

Behaviors or practices individuals engage in to mend and restore relationships after a conflict or misunderstanding.

Reproach

Expression of disapproval or disappointment.