A Major Advantage of Licensing Is

question 39

Multiple Choice

A major advantage of licensing is

• A) these arrangements almost always lead to a joint venture.
• B) the bulk of the revenues gained by the licensee come back to the licensor.
• C) your company name does not need to be associated with the product in a foreign country.
• D) very little cost to the licensor.

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Definitions:

Race

A social construct used to categorize humans into large and distinct populations based on physical characteristics, ancestry, genetics, or social relations.

Cultural Competency

The ability to understand, appreciate, and interact with people from cultures or belief systems different from one's own.

Automatic Response

A pre-set reply or action that is triggered by a specific event or condition, often used in email systems and customer service.

Society

A structured community of people bound together by similar traditions, institutions, or nationality.