Identify a True Statement About Foreign Licensing

question 149

Multiple Choice

Identify a true statement about foreign licensing.

• A) It is the costliest form of direct investment.
• B) It is one of the means to seek foreign suppliers.
• C) It is especially common in the food and beverage industry.
• D) It is the most basic level of international market development.

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Definitions:

Diffusion of Innovations

Diffusion of innovations is a theory that seeks to explain how, why, and at what rate new ideas and technology spread within cultures and societies, from inception to widespread adoption.

Maintenance

The work required to keep something, such as a building, machine, or system, in good working order or condition.

Implementation

The process of putting a decision or plan into effect; the execution of a policy, program, or project.

Change Agent Skills

Competencies required to facilitate change, including leadership, influence, negotiation, and implementation strategies.