Licensing Allows Firms to Use Their Technology in Foreign Markets

question 39

True/False

Licensing allows firms to use their technology in foreign markets without a major investment in foreign countries.

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Definitions:

Literate Workforce

A population of workers proficient in reading and writing, often tied to improved productivity and economic outcomes for a country.

Printing Press

A mechanical device for applying pressure to an inked surface resting upon a print medium, thereby transferring the ink, historically crucial in the development and spread of literature and education.

Capitalism

An economic system based on private ownership of the means of production and the creation of goods and services for profit.

Mass Media

Various means of communication, such as television, newspapers, and the Internet, that reach large audiences simultaneously and influence societal opinions and behaviors.