Exam 40: Franchises and Special Forms of Businesses

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The area franchisee is also called a ________.

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JK Developers and KL Designs, who are experts in architectural engineering, form a business agreement whereby they agree to work together for two years, in order to complete the design of a planetarium.This is an example of a(n)________.

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Partners to a strategic alliance can be potential competitors to each other.

(True/False)
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Intrepid Creations is a product design institute which provides educational courses in package design.It manages to acquire the right to use simulation software from Marco Software for a payment of $2, 000 a year.There is no clause of expiration on this arrangement and the right to access the software is renewed annually.Which of the following kinds of business arrangements does the aforementioned scenario indicate?

(Multiple Choice)
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