Question

TONI&GUY is a global hairdressing and education business headquartered in England. It has recently opened salons in Mongolia, adding to its numerous salons worldwide. TONI&GUY allows foreign businesspeople to use its name, logo, methods of operation, advertising, and products. In exchange, TONI&GUY receives a financial commitment and an agreement to conduct business in accordance with its standard of operations. TONI&GUY is engaging in_____.

Answer 1

Answer:

Franchising

Explanation:

There are various ways to expand a business, one of them is franchising. Tony and guy is a hairdressing company that operates in multiple countries. They use franchising as a way to expand; they allow frogmen and local people to use their name, logo and methods of operations. Just by an agreement tony and guy give their franchises to people across the globe. So, tony and guy is engaging in franchising.