The Advantages of Using a Licensing Strategy to Participate in Foreign

question 107

Multiple Choice

The advantages of using a licensing strategy to participate in foreign markets include

• A)being especially well-suited to achieve scale economies.
• B)being able to charge lower prices than rivals.
• C)being able to achieve first-mover advantages quickly and easily.
• D)being able to leverage the company's technical know-how, appealing brand, or patents without committing their resources or capabilities to foreign markets.
• E)being able to achieve higher product quality and better product performance than with an export strategy.

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Definitions:

Contractions

In physiology, contractions refer to the tightening and relaxing of muscles, such as those involved during childbirth.

Amnion

A thin membrane forming a closed sac around the embryo in mammals, birds, and reptiles, containing amniotic fluid that cushions and protects the embryo.

Fetal Movements

Fetal Movements are the motions made by a developing fetus within the uterus, often detectable by the pregnant individual from about 16-25 weeks of pregnancy.

Squirming Movements

Early, uncoordinated movements of young infants, often observed as wriggling or twitching motions.