Which of the Following Is an Advantage Inherent in the Use

question 147

Multiple Choice

Which of the following is an advantage inherent in the use of licensing?

• A)high risk
• B)high entry costs
• C)the ability to gain information about the dynamics of the market
• D)increased employment in the company licensing its brand or technology

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Definitions:

Stakeholder

An individual, group, or organization that has interest or concern in an organization and can affect or be affected by the organization's actions, objectives, and policies.

Operations

The day-to-day activities involved in the running of a business for the purpose of producing value for the stakeholders; focuses on manufacturing and service processes.

Leadership and Navigation

The ability to direct and influence others towards achieving organizational goals while successfully navigating through complexity, change, or challenge.

HR Function

Comprises various roles and responsibilities within an organization to manage and support its workforce effectively.