In Service Firms Where the Risk of Losing Control Over

question 7

Multiple Choice

In service firms where the risk of losing control over the management skills or technological know-how is not much of a concern,and where the firms' valuable asset is their brand name,_____ would be a suitable mode of entry.

• A)exporting
• B)franchising
• C)licensing
• D)turnkey contracts

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Definitions:

Income

The money received, especially on a regular basis, for work or through investments.

Financial Statement

An authorized ledger recording the economic occurrences and financial wellbeing of a company, person, or any distinct entity.

Normal Balance

A reiteration with different wording: The typical side (debit or credit) an account is expected to have, based on standard accounting rules.

Account Category

A classification used in accounting to organize financial transactions, such as assets, liabilities, equity, revenue, and expenses.