Which of the Following Is an Example of Licensing

question 43

Multiple Choice

Which of the following is an example of licensing?

• A) An American electronics firm has given the right to a new process for manufacturing e-book readers to an electronics manufacturer in Canada.
• B) An Indian automobile manufacturing company, buys engines from a Japanese manufacturer for its environment friendly cars.
• C) A South-Korean consumer electronics manufacturer produces the screens for its brand of television and sends orders to a factory in China to manufacture the casing for the television.
• D) A U.K-based motorcycle manufacturer, produces limited-edition customizations of the company's stock models and sells it to customers around the world.

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Definitions:

Home Run

In baseball, a hit that allows the batter to circle all the bases, ending at home plate, often by hitting the ball out of the field.

Satisficing

A decision-making strategy that involves choosing an option that meets a minimum level of satisfaction rather than optimizing.

Best Possible Decision

The most favorable outcome derived from available alternatives, taking into account all known information, restrictions, and goals.

Confirmation Bias

The inclination to seek out, interpret, prefer, and remember information that corroborates an individual's already existing beliefs or assumptions.