The Difference Between a Franchise and Licensing Contract Is That

question 3

Multiple Choice

The difference between a franchise and licensing contract is that

• A) a franchise contract has a broader range of factors and is usually longer in duration.
• B) a franchise contract must include a foreign government.
• C) a licensing contract covers more aspects of operations.
• D) a franchise contract involves less control and less risk.

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Definitions:

East Asia

A geographical region that includes countries such as China, Japan, South Korea, and North Korea, known for its significant cultural, economic, and political influence.

China

is a country in East Asia, known for its vast population, rich history, and significant influence on global economics and politics.

Mono-Culture

The agricultural practice of growing a single crop species over a wide area for many consecutive years, potentially leading to decreased biodiversity and increased vulnerability to pests and diseases.

American Culture

The set of customs, traditions, and values shared by the people of the United States, influenced by its history and diverse ethnic backgrounds.