Companies such as Hyatt sell a variation of the licensing agreement called a ________ to the owners of foreign hotels to manage these businesses for a fee.
A) contract manufacturing
B) management contracts
C) franchising
D) hotel management licensing
E) none of the above

Question

Quizplus · Accepted Answer

Hyatt sells management contracts to owners of foreign hotels. These contracts allow Hyatt to manage the businesses for a fee. This is a variation of a licensing agreement, not contract manufacturing or franchising. The option of hotel management licensing is not mentioned, so it is not the answer.

Companies Such as Hyatt Sell a Variation of the Licensing