Tony&Guy is a global hairdressing and education business headquartered in England. It has recently opened salons in Mongolia, adding to its numerous salons worldwide. Tony&Guy allows foreign businesspeople to use its name, logo, methods of operation, advertising, and products. In exchange, Tony&Guy receives a financial commitment and an agreement to conduct business in accordance with its standard of operations. Tony&Guy is engaging in
A) contract manufacturing.
B) wholesaling.
C) franchising.
D) exporting.
E) direct investment.
Correct Answer:
Verified
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