The Dance Company, a renowned dance studio in Manhattan, enters into an agreement with La Danza in Spain to operate several dance studios. La Danza will provide capital for running the dance studios and The Dance Company will contribute its world-renowned expertise about the art of dance. In this case, The Dance Company enters a foreign market through ________.

Question

Quizplus · Accepted Answer

Management contracting involves a company providing operational management to another company while not owning the business. In this scenario, The Dance Company is providing its expertise (a form of operational management) to La Danza, which is providing the capital, without necessarily implying ownership of the new studios by The Dance Company.

The Dance Company, a Renowned Dance Studio in Manhattan, Enters