The Major Advantage Associated with the Use of Licensing Is

question 96

Multiple Choice

The major advantage associated with the use of licensing is

• A) complete control of proprietary information.
• B) elimination of development and risk costs associated with opening up a foreign market.
• C) instant credibility and gains in the foreign country.
• D) firm has tight control over manufacturing, marketing, and strategy that is required for realizing economies of scale.

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Definitions:

Residential Rent Control

Residential rent control involves government policies or regulations that limit the amount landlords can charge for housing, often aimed at making rental housing more affordable and protecting tenants from sudden rent increases.

Seizes

To take hold of suddenly and forcibly; in a legal context, it can mean to take legal possession of something.

Rental Agreement

A contract between a landlord and tenant that outlines the terms and conditions of the property rental.

Duty

A moral or legal obligation to ensure the well-being or safety of others, or to adhere to a standard of conduct.