Which of the Following Statements Is True About Licensing

question 8

Multiple Choice

Which of the following statements is true about licensing?

• A) In a typical arrangement, the licensor will allow the licensee to use a patent, a trademark, or proprietary information in exchange for a fee.
• B) Companies that spend a relatively large share of their revenues on research and development (R&D) are likely to be licensees.
• C) Licenses are uncommon among large firms seeking to acquire technology to bolster an existing product.
• D) A license is a very high-cost way of gaining and exploiting foreign markets.

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Definitions:

Cohabiting

Living together and having a sexual relationship without being married.

Acculturation

The method through which people adopt the cultural characteristics or social behaviors of a different group.

Singles

Singles refers to individuals who are not currently in a marriage or a committed romantic relationship, highlighting their status in social and demographic studies.

Ethnic Group

A category of people who identify with each other based on common language, ancestral, social, cultural, or national experiences.