Interestingly, Some Companies Base Their Business Models Entirely on Licensing

question 17

True/False

Interestingly, some companies base their business models entirely on licensing and have no intention of producing or selling any product.

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Definitions:

Ethical Considerations

The process of evaluating decisions and actions based on moral values and principles.

Profit Maximization

A strategic goal of businesses to achieve the highest possible profit through revenue generation and cost management.

Business Decision

A choice or judgement made as part of managing a company, affecting its direction, operations, and strategy.

Duty-Based

An ethical framework that focuses on the obligations one has towards others, emphasizing the performance of duties as morally right actions.