Which of the Following Modes of Entry Is Suitable for Service

question 65

Multiple Choice

Which of the following modes of entry is suitable for 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?

• A)exporting
• B)franchising
• C)licensing
• D)turnkey projects
• E)cross-licensing

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Definitions:

Breach of Warranty

The violation of a promise, assurance, or guarantee made about the quality, condition, or performance of a product or service.

Breach of Condition

The failure to fulfill a condition agreed upon in a contract, potentially rendering the contract void.

Easter Break

A holiday period marking the Christian celebration of Easter, often observed in schools and various sectors as a break from routine activities.

Significant Term

A significant term in a contract is a provision that is essential to the agreement, often impacting the performance, duties, and rights of the parties involved.