Dietizza Is a Fast Food Network That Makes Low-Calorie Pizzas

question 27

Multiple Choice

Dietizza is a fast food network that makes low-calorie pizzas.As the finn wishes to expand its operations in different locations, it has licensed a few entrepreneurs to open Dietizza outlets under the company's trademark.The entrepreneurs will take up the responsibility of costs while Dietizza will assist them in running operations.The company will receive royalty payments and a percentage of profits from the entrepreneurs.Which of the following concepts is illustrated here?

• A)Exporting
• B)Franchising
• C)Setting up of a wholly owned subsidiary
• D)Strategic alliance
• E)Joint venture

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Definitions:

Penalty

A penalty applied for violating a regulation, agreement, or statute.

Financial Statements

Financial statements are formal records of the financial activities and position of a business, person, or other entity, providing an overview of a financial situation over a specified period.

Independent Public Accountant

A licensed professional who performs audits and provides financial analysis and advice without being affiliated with the audited entity.

Management Of The Company

The process of directing and controlling a business or organization, focusing on planning, leading, and overseeing operations.