Which of the Following Is NOT a Typical Disadvantage of Licensing

question 9

Multiple Choice

Which of the following is NOT a typical disadvantage of licensing?

• A)little control over the marketing of the products
• B)licensees may develop a competitive product after the license expires
• C)lower potential returns than the use of exporting or strategic alliances
• D)incompatibility of the licensing partners

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Definitions:

Output Per Worker

A measure of productivity calculated by dividing the total output of goods or services by the number of workers.

Natural Resource Endowments

The stock of natural resources, like minerals, forests, and waterways, that a country possesses, which can influence its economic development.

Real Earnings

Earnings adjusted for inflation, depicting the real purchasing power of income.

Automated Production

involves the use of control systems and machinery to handle tasks in manufacturing with minimal human intervention.