Expand its business on a global scale

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Reference no: EM131035408

A fast-food chain is looking to expand its business on a global scale by allowing interested parties in different parts of the world to open fast-food joints under its brand name. These interested parties must pay an initial fee to the owner of the fast-food chain and additionally pay a portion of profits on a monthly basis. This is an example of a(n) _____.

A. franchise

B. partnership

C. joint venture

D. acquisition

E. merger

Reference no: EM131035408

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