Which type of business involves a contractual agreement for a company to provide management services and expertise to another company for a determined period?
A)management contract
B)franchising
C)export
D)licensing
E)None of the above

Question

Quizplus · Accepted Answer

A management contract involves a company providing management services and expertise to another company for a determined period. Franchising involves a company granting the right to use their brand name, products, and services to another company in exchange for a fee. Export involves selling goods or services to another country. Licensing involves granting the right to use intellectual property to another company in exchange for royalties.

Which Type of Business Involves a Contractual Agreement for a Company