Licensing Is Best Described As

question 68

Multiple Choice

Licensing is best described as: 

• A) a nonequity method of international business in which an entrepreneur contracts his or her management techniques and skills to a (foreign) purchasing company.
• B) a method of doing international business whereby a foreign entrepreneur supplies the manufacturing technology or infrastructure for a business and then turns it over to local owners.
• C) a method that involves giving a foreign manufacturer the right to use a patent, technology, production process, or product in return for the payment of a royalty.
• D) an equity partnership that involves selling patents to foreign governments.

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Definitions:

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud, focusing on unconscious processes and childhood experiences.

Electroconvulsive Shock

A medical treatment involving the induction of a brief seizure in a patient through the application of a controlled electrical current to the brain, primarily used to treat severe depression.

Cognitive Therapists

Mental health professionals who focus on identifying and changing negative and dysfunctional thought patterns.

Negative Thoughts

Unfavorable or pessimistic ideas and beliefs that can affect one's mood and behavior.