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Discuss at least three major challenges affecting the ability of corrections to function.
Licensing
The granting of permission by the owner of a brand, patent, or trademark to another party, allowing them to make, use, or sell a product under certain conditions.
International Markets
Markets that span across countries and continents, allowing for the trading and selling of goods and services globally.
Research and Development Costs
Expenses related to the investigation and discovery of new knowledge, products, or processes, which can improve a company's future performance and competitiveness.
Direct Ownership
A situation in which an individual or entity holds direct title to assets, such as property or stocks, without any intermediaries.
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