GRM Fast Food Corp

Multiple Choice

GRM Fast Food Corp.,located in New York,grants Truffle Eateries,a chain of restaurants in Paris,permission to produce and sell GRM's famous pizzas.Truffle Eateries will launch GRM in Paris and sell its products.The international business arrangement of GRM Fast Food Corp.is an example of a ______.

A) foreign subsidiary
B) foreign direct investment
C) a turnkey project
D) franchise
E) direct export