Which one of the following provides a specialized sales or service strategy,offers support at various levels,and occasionally invests in the firm in exchange for periodic fees?

Question

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Franchising provides a specialized sales or service strategy through a proven business model, offers support at various levels such as training, marketing, and operations, and occasionally invests in the firm in exchange for periodic fees. Joint venture involves two or more firms combining resources and expertise to achieve a common goal, licensing allows one company to use another company's intellectual property in exchange for fees or royalties, and royalties are payments made to the owner of a patent or copyright for the use of that property.

Which One of the Following Provides a Specialized Sales or Service