In General,there Are ________ Types of Responsibility Centers

question 68

Multiple Choice

In general,there are ________ types of responsibility centers.

• A)two
• B)five
• C)ten
• D)three

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Definitions:

Franchising

A licensing agreement where a franchisor grants a franchisee the right to use its brand, products, and operational model in exchange for a fee.

Greenfield Investment

A form of foreign direct investment where a parent company builds its operations in a foreign country from the ground up.

Licensing

The granting of permission by an authority or company to an individual or another company to engage in a certain activity or to use a certain product.

Exporting

The act of selling products or services produced in one country to buyers in other countries.