Which type of agreement involves a firm granting the right to another entity to run its business in a specified manner and provide assistance during the contract duration?
A)Franchising
B)Export
C)Licensing
D)Turnkey operations

Question

Quizplus · Accepted Answer

Franchising involves a firm granting the right to another entity to run its business in a specified manner and provide assistance during the contract duration. Exporting involves a firm selling its products or services to customers located in another country. Licensing involves a firm granting another entity the right to use its intellectual property, such as trademarks or patents. Turnkey operations involve a firm designing, building, and operating a facility for another entity.

Which Type of Agreement Involves a Firm Granting the Right