Service organizations that contract with local organizations and ...

[geoffrey]

Service organizations that contract with local organizations and thereby share the risks and rewards of entering the market use a(n) _________ strategy for entering a foreign market.
 a. foreign direct investment
  b. licensing and franchising
  c. joint venture
  d. accommodation
  e. standardization

Question 2

The franchisor-franchisee relationship usually goes through the following cycle:
 a. growth, maturity, decline/development
  b. introduction, growth, maturity, decline/development
  c. introduction, growth, decline/development, maturity
  d. growth, decline/development, maturity

[amanda_14]

Answer to Question 1

c

Answer to Question 2

B. The relationship between the franchisor and the franchisee often follows the basic steps of a new business or a product life cycle: (1) introduction, (2) growth, (3) maturity, and (4) decline/development.