Which of the Following Is an Advantage of Licensing

question 91

Multiple Choice

Which of the following is an advantage of licensing?

• A) It allows companies to earn additional profits without investing more money.
• B) It provides licensors an exclusive right to conduct business in a particular location.
• C) It allows companies to bear only part of the costs and the risks of that business.
• D) It gives the parent company complete control over the foreign facilities.

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Definitions:

Quantitative Forecasting

The use of statistical methods and mathematical models to predict future outcomes based on historical data and quantitative analysis.

Long-Range Forecasts

Predictions about future events or trends that extend far into the future, often used in strategic planning and resource allocation.

Forecasting Steps

A sequential approach to predict future events or trends, involving data collection, analysis, model selection, and results validation.

Business Subject

An area of study within the field of business, focusing on topics such as marketing, finance, operations, and management.