starzstyles is a finnish childrens hair salon chain that caters to children of all ethnicities. it has…
starzstyles is a finnish childrens hair salon chain that caters to children of all ethnicities. it has recently opened salons in the united kingdom. starzstyles allows foreign business people to use its name, logo, methods of operation, advertising, and products. in exchange, starzstyles receives a financial commitment and an agreement to conduct business in accordance with its standard of operations. starzstyles is engaging in which of the following?\n\no a. licensing franchising\no b. direct investment\no c contract manufacturing\no d. exporting\no e wholesaling
Answer
Brief Explanations:
Licensing franchising involves a franchisor allowing a franchisee to use its name, logo, methods, etc. in exchange for financial commitment and adherence to standards. StarzStyles is doing exactly this by letting foreign business - people use its brand elements and getting financial and operational compliance in return.
Answer:
a. Licensing Franchising