Which of the Following Is an Advantage of Licensing and Franchising

question 60

Multiple Choice

Which of the following is an advantage of licensing and franchising?

• A)High control
• B)Irrelevance of the legal and regulatory environment
• C)Fast entry and low cost
• D)Established manufacturing operations in the foreign country
• E)Negligible chances of licensee becoming a competitor

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Definitions:

Decades Ago

a term used to reference a period of ten years or more in the past.

Empty-Nest Syndrome

A feeling of loneliness or depression that parents may experience when their children grow up and leave home for the first time.

Departure

The action of leaving, especially to start a journey or to leave a place of residence.

Grown Children

Adult offspring who have reached maturity and typically live independently from their parents.