Leo Buys an Exclusive Territory in Which He Is Authorized

question 10

Multiple Choice

Leo buys an exclusive territory in which he is authorized to set up a plant to make Midwest Dairy,Inc.,products.After receiving the formula,Leo begins making Nice Ice-brand ice cream and other Midwest prod?ucts.This is

• A)a chain-style franchise.
• B)a distributorship franchise.
• C)a manufacturing franchise.
• D)no franchise.

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Definitions:

Vision And Prescient

Vision refers to the ability to conceive future developments that may affect organizations or projects, while prescient describes the capacity to foresee or predict those developments accurately.

Domain-Relevant Skills

Are the specific abilities and knowledge necessary to perform effectively in a particular field or area of activity.

Intrinsic Task Motivation

Refers to the inner drive or desire to undertake a task for the personal satisfaction and challenge it provides, rather than for external rewards.

Creativity-Relevant Processes

Cognitive and behavioral processes that facilitate creative thinking and ideas, including problem-solving, divergent thinking, and the ability to recognize and exploit novel associations.