A Disadvantage of Licensing Is

question 82

Multiple Choice

A disadvantage of licensing is

• A) it's very costly for the licensor.
• B) the licensee can decide to end the contract at a moment's notice.
• C) your company's image is never permitted to be associated with the product, even though you are the developer.
• D) the licensee may decide to use the expertise you have developed, break the agreement, and begin producing the product on his/her own.

---

Definitions:

Word "Policy"

A set of guidelines or principles that govern decisions and actions within an organization.

Purchasing Product

The act of acquiring goods or services in exchange for money.

Act Ethically

The practice of making decisions and taking actions based on ethical principles and values, ensuring fairness, integrity, and respect for others.

Encourage Complaints

A management strategy that involves actively seeking feedback, including negative feedback or complaints, to improve services or address issues.