Tricon was the restaurant division of PepsiCo until it was spun off in 1997. Since then Tricon has opened 6,000 KFC restaurants abroad. It has 158 in Indonesia and more than 500 restaurants in China. All are locally owned, and the owner pays a fee to Tricon. Tricon is engaged in:

Question

Quizplus · Accepted Answer

Tricon is engaged in licensing, as it allows local owners to operate KFC restaurants abroad under its brand in exchange for a fee, which is a characteristic of a licensing agreement.

Tricon Was the Restaurant Division of PepsiCo Until It Was