Which of the Following Is a Disadvantage of Licensing

question 2

Multiple Choice

Which of the following is a disadvantage of licensing?

• A) It does not help firms that lack capital to develop operations overseas.
• B) It does not give a firm the tight control over strategy that is required for realizing experience curve and location economies.
• C) It cannot be used when a firm possesses some intangible property that might have business applications.
• D) The firm has to bear the development costs and risks associated with opening a foreign market.

Appreciate the role and functionality of applicant tracking systems in the hiring process.

Understand the varying formats of résumés and the purposes of each.

Recognize how to minimize the impacts of frequent job changes and gaps in employment on a résumé.

Identify the components that emphasize growth and achievements within a consistent employment history.

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Definitions:

Merchant

A person or company involved in wholesale trade, especially one dealing with foreign countries or supplying merchandise to a particular trade.

Implied Warranty

An implied warranty is a legal assumption in sales that the goods sold meet certain quality and reliability standards, even if not expressly stated.

Express Warranty

A clearly stated promise or guarantee made by a seller that a product will meet certain standards of quality and reliability.

Merchantability

An implied warranty that goods for sale are reasonably fit for the general purpose for which they are sold.