Question

For initial fee plus royalties, Inding Inc., a U.S.-based firm, will provide Caliste Works, a firm based in Singapore, with an exclusive right to conduct Inding's business in its country. This form of global business is an example of a _____.a) wholly owned affiliate.b) conglomerate.c) franchise.d) joint venture.e) management.

Answer 1

Franchise

Step-by-step explanation:

Franchise - it is referred to as the license permitted by the party (franchisee) to use the franchise process, trademark in order to do business under their term and conditions.

it is a way to the market product by giving authority to the franchisor to do business under the franchise name. it is the best way to globalize the corporation on a large scale.