Examlex
How do businesses make money? What strategies can they use to gain a competitive advantage?
Business-format Franchising
A franchising arrangement where the franchisee receives not just a brand name but an entire system for operating the business.
Product-distribution Franchising
A type of franchising that allows the franchisee to sell the franchisor's products and to use the franchisor's trademark and distribution system.
Turnkey Approach
A service or product solution that is delivered in a complete and ready-to-use condition, requiring minimal effort from the buyer to implement or activate.
Terminate
Refers to bringing an action or process to an end; to conclude or finish.
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