____ 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:

Operational Risk

The risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events.

Remote Employees

Workers who are employed by a company but perform their job duties from a location outside of the traditional office environment, often from home or another remote setting.

Business Strategy

The plan and actions a company takes in order to achieve its business goals and to secure a competitive position in the market.

Abject Poverty

A condition characterized by extreme poverty where individuals lack the basic necessities of life, such as food, clothing, and shelter.