Foreign Licensing Is a Relatively Simple Way for Even the Most

question 125

True/False

Foreign licensing is a relatively simple way for even the most inexperienced business owner to extend his reach into global markets.

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Definitions:

Market Channel

The path through which goods and services travel from the producer to the consumer, including intermediaries such as distributors and retailers.

Salesforce Organizational Structure

A system defining how the salesforce is organized within a company, including hierarchy, division of regions, product lines, or customer segments.

Geographical

Pertaining to the physical characteristics of a location or area, including its landforms, climate, and natural resources.

Customer

An individual or organization that purchases goods or services from a company.