Advantages to Licensing as a Market Entry Strategy Do Not

question 27

Multiple Choice

Advantages to licensing as a market entry strategy do not include ___________.

• A)Limited financial risk in the short run
• B)Complete control of the patent or trademark
• C)Services such as local distribution
• D)Protection of trade secrets
• E)Both complete control of the patent or trademark and protection of trade secrets

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Definitions:

Labor

Human mental and physical contributions employed in the manufacturing of goods and services.

Marginal Product

The extra production obtained when one additional unit of a specific input is used, while all other inputs stay unchanged.

Labor Supply Curve

A graphical representation showing the relationship between the quantity of labor supplied and the wage rate in a given market.

Equilibrium

A state in a market where supply equals demand, with no external forces causing disruption, hence prices tend to stabilize.