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A Multinational Enterprise Wishing to Exploit a Patent May Choose

question 42

True/False

A multinational enterprise wishing to exploit a patent may choose to sell a foreign company the right to use the property rather than entering the foreign market itself. The sale of such rights is licensing.


Definitions:

Workforce Planning

The strategic process of analyzing current workforce capabilities and determining future workforce requirements to meet organizational goals.

Deming

Refers to W. Edwards Deming, an American engineer and statistician known for his work in quality management and process improvement.

Quality

The degree to which a product, service, or process meets specified standards or fulfills customer requirements.

Money's Worth

The value received for the amount of money spent.

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