Licensing and franchising are also known as __________.
A)contract manufacturing
B)diversification
C)cooperative contracts
D)investments

Question

Quizplus · Accepted Answer

Licensing and franchising are both types of cooperative contracts, which involve two or more firms working together to achieve a common goal. Contract manufacturing involves outsourcing production to a third-party manufacturer, diversification refers to expanding a company's products or services into new markets, and investments are financial assets that a company or individual owns.

Licensing and Franchising Are Also Known as __________