Business, 28.01.2020 21:44 leslien3003

Boston, ma-based home market foods (hmf) reached an agreement with good times inc. (gti) of south africa, whereby hmf granted rights to gti to open a retail store in south africa using its name and operating system. in exchange, gti paid hmf a percentage of its sales as a royalty. in this way, hmf had an opportunity to establish a presence in countries such as south africa, where the population or per capita spending was not sufficient to for a major expansion effort. in strategic management, such an agreement is known as
a. licensingb. a strategic alliancec. a joint ventured. franchising

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Boston, ma-based home market foods (hmf) reached an agreement with good times inc. (gti) of south af...

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