Which of the Following Is an Advantage of Licensing

question 18

Multiple Choice

Which of the following is an advantage of licensing?

• A)It permits quicker foreign market penetration than direct investment.
• B)It maximizes the physical and financial presence of a business overseas.
• C)It allows the licensee to directly benefit by receiving royalty payments.
• D)It allows the first person to register a trademark to become its legal owner.

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Definitions:

Organizational Authority

The power vested in a role or roles within an organization to make decisions, direct tasks, and enforce rules.

Legitimate

Something that is legal, rightful, and in accordance with recognized or accepted standards or principles.

Coercive

Exerting or utilizing force, authority, or pressure in order to achieve compliance or control.

Legal Contract

A formal agreement between two or more parties, enforceable by law, outlining obligations and rights.