Allowing a Foreign Organization to Take Charge of Manufacturing and Distributing

question 18

Multiple Choice

Allowing a foreign organization to take charge of manufacturing and distributing a product in its country or world region in return for a negotiated fee is referred to as:

• A)Licensing
• B)Franchising
• C)Strategic alliance
• D)Joint venture
• E)Diversification

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Definitions:

Boggy

Describing tissue that is abnormally soft and spongy, often due to edema or fluid accumulation.

Chronic Constipation

A gastrointestinal condition characterized by infrequent bowel movements or difficult passage of stools that persists for several weeks or longer.

Yogurt

A dairy product created by fermenting milk with a yogurt culture, which produces lactic acid and gives yogurt its flavor and texture.

Broccoli

A green vegetable belonging to the cabbage family, known for its large flowering head and high nutritional value.