List,describe,and Provide an Example of the Two Most Common Market-Based

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The Answer is Licensing and franchising are the two most common market-based modes of opportunity exploitation. Licensing is a mode of business in which a person contracts with another to use the latter's business ideas to make products and services for sale to customers in return for a fee. An example of licensing is when a patented product can be sold by another firm as long as it pays the licensing fee to sell that product or service idea. Franchising refers to a situation where an individual person,the franchiser,develops a plan for the provision of a product or service to end customers. An example of a franchise is Kentucky Fried Chicken. Anyone can open one of these as long as he or she agrees to the terms of the franchiser.

List,describe,and Provide an Example of the Two Most Common Market-Based

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List,describe,and Provide an Example of the Two Most Common Market-Based

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Correct Answer:VerifiedShow Answer

Correct Answer:
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