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25 March, 07:15

Corporations that operate a hotel without capital outlay in exchange for a percentage of gross sales are known as A. Franchises B. Leasing Companies C. Management Companies D. Vacation brokers

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  1. 25 March, 07:16
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    The correct answer is letter "C": Management Companies.

    Explanation:

    Management Companies are third parties in charge of handling businesses' activities and funds expecting a fee in return that is usually a proportion of the funds being managed or a percentage of the income generated. Management Companies pool a wide variety of professionals such as managers, accountants, and economists among others.
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