Examlex
____ is the total set of managerial activities that an organization uses to create its products or services.
Formal Agreement
A legally binding contract or document established between two or more parties, outlining specific terms and conditions that are enforceable by law.
Distributorship
A type of franchise in which the franchisor manufactures a product and licenses a dealer to sell the product in an exclusive territory.
Franchisor
A person or company that grants the license to a third party for the conducting of a business under the franchisor's marks and methods.
Exclusive Territory
A designated geographic area where a specific party has the exclusive right to operate, sell, or perform services.
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