franchising is a form of licensing in which franchisees in the targeted countries are allowed to use the franchisor's name in exchange for a percentage of the gross profits.

Question

Quizplus · Accepted Answer

Franchising is a form of licensing that involves international expansion, as franchisees in targeted countries are granted permission to use the franchisor's name in exchange for a percentage of the gross profits. Therefore, the correct choice is "International." The other options, profit-sharing and targeted, do not accurately describe the nature of franchising. Multinational could potentially apply, but it is not as specific or accurate as international.

Franchising Is a Form of Licensing in Which Franchisees in the Targeted