Which of the Following Forms of Business Relationships Lets a Company

question 54

Multiple Choice

Which of the following forms of business relationships lets a company grant patent rights, trademark rights, and the rights to use technological processes to another company in a foreign country?

• A) Licensing
• B) Exporting arrangements
• C) Joint ventures
• D) Consortia
• E) Strategic understandings

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Definitions:

Coherent Strategy

A strategic approach that is logical, consistent, and connected in a way that all parts support each other towards achieving business goals.

Operational Focus

Concentration on the day-to-day tasks and management of business operations to optimize efficiency and meet short-term objectives.

Strategic Focus

Concentrating organization's efforts and resources on a specific strategic direction to achieve competitive advantage or goals.

Strategic Posture

An organization's stance or approach in planning and decision-making processes to shape its long-term direction and the way it interacts with its environment.