Licensing Is a Popular Strategy Because

question 265

Multiple Choice

Licensing is a popular strategy because:

• A) It boosts domestic market revenues.
• B) The licensee has incentive to work hard and succeed because he/she has borne the cost.
• C) Licensees spend little or no money to produce and market their products.
• D) There are seldom any long-term contractual requirements.

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Definitions:

Division

An arithmetic operation where a number is divided by another, resulting in a quotient and possibly a remainder.

Exponentiation

An operation in mathematics that uses two values, the base and the exponent, with the base being repeatedly multiplied by itself a number of times equal to the exponent.

Exponentiation

A mathematical operation, written as a^b, involving two numbers, the base (a) and the exponent (b), where the base is multiplied by itself the exponent number of times.

Division

The process of assigning or distributing something into separate parts or groups.