The two kinds of cooperative contracts are:
A) exporting and importing.
B) joint ventures and consortium.
C) strategic alliances and wholly owned affiliates.
D) licensing and franchising.

Question

The two kinds of cooperative contracts are: 
A) ​exporting and importing. 
B) ​joint ventures and consortium. 
C) ​strategic alliances and wholly owned affiliates. 
D) ​licensing and franchising.

Quizplus · Accepted Answer

Licensing and franchising are both cooperative contracts where a company allows another entity to use its brand, technology, or product in exchange for a fee or royalty.

The Two Kinds of Cooperative Contracts Are