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<p><strong>a) Franchising</strong></p> <p><strong>b) Licensing </strong></p> <p><strong>c) Joint venture </strong></p> <p><strong>d) Both a and b</strong></p>
Joint Venture is a contractual agreement between two or more business partners to assume a common business strategy on a project.
Its C.
I believe it is Joint Venture
c) Joint venture
A joint venture (JV) is a business agreement in which the parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets.
By scanning the three following definitions , I decide for Joint Venture
Joint Venture is
An association of two or more individuals or companies engaged in a solitary business enterprise for profit without actualpartnership or incorporation; also called a joint adventure.
A joint venture is a contractual business undertaking between two or more parties. It is similar to abusiness partnership, with one key difference: a partnership generally involves an ongoing, long-term business relationship, whereas a joint venture is based on a single business transaction.
Individuals or companies choose to enter joint ventures in order to share strengths,minimize risks, and increase competitive advantages in the marketplace. Joint ventures can be distinct business units (a newbusiness entity may be created for the joint venture) or collaborations between businesses. In a collaboration, for example, a high-technology firm may contract with a manufacturer to bring its idea for a product to market; the former provides the know-how, the latter the means.
Licensing is a
Written contract under which the owner of a copyright, know how, patent, servicemark, trademark, or other intellectual property, allows a licensee to use, make, or sell copies of the original. Such agreements usually limit the scope or field of the licensee, and specify whether the license is exclusive or non-exclusive, and whether the licensee will pay royalties or some other consideration in exchange. While licensing agreements are mainly used in commercialization of a technology, they are also used by franchisers to promote sales of goods and services.
Franchising is an
Arrangement where one party (the franchiser) grants another party (the franchisee) the right to use its trademark or trade-name as well as certain business systems and processes, to produce and market a good or service according to certain specifications. The franchisee usually pays a one-time franchise fee plus a percentage of sales revenue as royalty, and gains (1) immediate name recognition, (2) tried and tested products, (3) standardbuilding design and décor, (4) detailed techniques in running and promoting the business, (5) training of employees, and (6) ongoing help in promoting and upgrading of the products. The franchiser gains rapid expansion of business and earnings at minimum capital outlay.
Joint venture is a form of contractual Agreement.
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