Which of the Following Is True of Licensing

question 89

Multiple Choice

Which of the following is true of licensing?

• A) It involves bearing the development costs and risks associated with opening up a foreign market.
• B) It can be an attractive option in unfamiliar or politically volatile markets.
• C) It ensures that the firm has tight control over manufacturing, marketing, and strategy that is required for realizing economies of scale.
• D) It is the most common strategy for large-scale companies.

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Definitions:

Frustration-Regression

A psychological phenomenon where individuals facing obstacles or frustration regress to earlier behaviors to cope.

ERG Theory

A theory developed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth, as a modification of Maslow's hierarchy of needs.

Lower-Level Need

A category of basic physiological or safety needs in a hierarchy that must be satisfied before an individual can focus on higher-level needs.

Motivator Factors

Aspects of a job that can lead to positive job satisfaction, including achievements, recognition, and the work itself.