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What type of editing is Level 2 editing?
Contractual System
A formalized system based on legal contracts that define relationships and obligations among parties, often used in franchising and vertical marketing systems.
Franchise System
A business model where a brand allows individuals to operate stores or sell products under its name, following specified rules and sharing profits.
Contractual System
An agreement framework between parties that outlines stipulations, responsibilities, and conditions for doing business or providing services.
Parent Company
A company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors.
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