____ Is a Popular Approach to Sharing Development and Production

question 35

Multiple Choice

____ is a popular approach to sharing development and production costs and penetrating new markets.

• A) Consortia
• B) Licensing
• C) Joint ventures
• D) Franchising

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Definitions:

Code

A systematic collection of laws or regulations, or a set of principles or standards in computing or communication.

Incidental Damages

Compensation for additional financial losses that occur indirectly from a breach of contract or wrongful act.

Cover

In contract law, a purchaser's action to buy goods similar to those the seller failed to deliver, in an effort to mitigate damages from the breach of contract.

Cancel

The act of terminating or voiding a contract, agreement, or obligation, rendering it ineffective or null.