Your company is interested in producing and marketing a line of coffee that will penetrate the European market. Your firm is willing to supply the equipment, products, product ingredients, trademark, and standardized operating system to entrepreneurs. What type of strategy are you going to use

Question

Kaitlyn Walker

Business

3 January, 06:32

Your company is interested in producing and marketing a line of coffee that will penetrate the European market. Your firm is willing to supply the equipment, products, product ingredients, trademark, and standardized operating system to entrepreneurs. What type of strategy are you going to use

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Answers (1)

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Alexandra Mccann · Answer 1

A franchise can be used.

Explanation:

Franchise refers to the authorization that is given by the government for involving in commercial activities. It is the permission that is obtained legally for using the ideas, expertise and processes of some one else with their permissions.

In the example given, a firm is willing to provide all necessary materials for the preparation of coffee and wants to penetrate the European market. The company here provides all the equipment, ingredients, trademarks and operating systems and hence it can make use of franchise type of strategy.