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) licensing.
C) franchising.
D) exporting.
E) direct investment.
Correct Answer:
Verified
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