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Explain Why a Firm May Hire Managers to Operate Outlets

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Essay

Explain why a firm may hire managers to operate outlets near the firm's headquarters,but may sell franchise rights for the outlets located greater distances from the headquarters.(With a franchise,the firm sells a brand name and a method of doing business to someone who then owns and operates the outlet.)


Definitions:

Federal Registration

The process by which a business or product is registered with a federal government agency, often to gain legal protection or permission to operate.

Trademark Protection

Legal rights granted to a trademark owner to use and protect a unique symbol, word, or phrase that distinguishes their products or services.

Non-Use

Non-Use pertains to the failure to utilize something, such as a trademark, which can affect legal rights or status.

Willfully Infringed

The act of intentionally violating another's rights or property, especially in the context of intellectual property law.

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