An Advantage of Licensing Is That Firms Are Able to ________

question 6

Multiple Choice

An advantage of licensing is that firms are able to ________.

• A) enter markets with extensive trade barriers
• B) guarantee a basis for future expansion
• C) control how the licensed asset is used
• D) resolve disputes easily

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Definitions:

Enforceable

Capable of being executed or imposed in accordance with legal or contractual requirements.

Debt

Money owed by one party, the debtor, to another party, the creditor; an obligation to pay or do something.

Enforceable

Legally binding; capable of being upheld or imposed in a court of law.

Concessionaire

An entity granted the right to operate a business within the premises owned by another, often in public or entertainment venues.