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What Are the Two Key Advantages That Are Associated with Licensing

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What are the two key advantages that are associated with licensing as a market-entry mode?


Definitions:

Lie Detection

A process or technique used to determine if a person is telling the truth or not, often employing physiological responses.

Concealed Information Test

The Concealed Information Test is a psychological assessment tool used to determine whether an individual has knowledge of information that they are trying to conceal, often used in forensic contexts.

Polygraph

A polygraph, commonly known as a lie detector, is an instrument that measures and records several physiological indicators such as blood pressure, pulse, respiration, and skin conductivity while a person is asked questions.

Facial Expressions

The movements or positions of the face that convey emotional states or reactions to situations.

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