Franchising and licensing are called replication strategies because they are ways to obtain money from a business you created by letting others copy or replicate it.

Question

Quizplus · Accepted Answer

Franchising and licensing allow others to replicate a successful business model in exchange for a fee or royalties. This allows the original business owner to generate income without having to operate multiple locations or manage additional businesses, making it a replication strategy.

Franchising and Licensing Are Called Replication Strategies Because They Are