Compare and contrast licensing and?Franchising.

The deadline for my activity is 08.02.2023 11:59
I want to answer for the two attached files for subjects MGT 321 and MGT 311
Requirements: 3 days
Week 11: Interactive activity
11.1 Learning Outcomes:
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Apply knowledge and skills to optimize production objective of maximizing profits
using qualitative and quantitative techniques in related areas of operations
management.
Implement technological tools in production models like forecasting, lean
manufacturing and world class manufacturing (WCM) to enhance the productivity
and communication with other persons involving in operation and also to review their
contribution to the profit.
11.2 Action Required:
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11.3 Test your Knowledge (Question):
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Q. What are three main types of budgets?
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11.4 Instructions
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Answer the question in test your knowledge section.
Post your answer in the discussion board using the discussion link below (Week11: Interactive learning Discussion
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11.1 Learning Outcomes:
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Explain the concept of strategy.
Recognize how firms can profit by expanding globally.
Identify the different strategies for competing globally and their pros and cons.
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11.2 Action Required:
The purpose of this interactive activity is to demonstrate your understanding of the concepts learned lessons by responding to discussion questions.
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11.3 Test your Knowledge (Question):
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Compare and contrast licensing and?Franchising.
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11.4 Instructions
Students are to answer the given question in Discussion Board.
Maximum word limit: 250 words.
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