If a restaurant chain sells the use of its brand name to a Singaporean investor in exchange for a fee and a percentage of sales, the restaurant is entering a foreign market through exporting
Indicate whether the statement is true or false
FALSE
Explanation: This restaurant is franchising not exporting. Franchising involves selling the use of a well-known brand name or a proven method of doing business to an investor in exchange for a fee and a percentage of sales or profits. The seller is the franchisor, and the buyer is the franchisee.
Business
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The principle of internal control that prevents one individual from being responsible for all the related activities of a given task is ______________________.
Fill in the blank(s) with the appropriate word(s).
Business
An argument against using credit is that it tends to smooth out consumption over the life cycle
Indicate whether the statement is true or false.
Business