The Advantages of Using a Licensing Strategy to Participate in Foreign

question 43

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) enabling a company 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:

Union Recognition

The formal acknowledgment by an employer that a labor union represents the collective interests of its workers, often followed by collective bargaining.

Better Wages

An improvement in the compensation that workers receive for their labor, often a key objective of labor unions and worker advocacy groups.

National Labor Relations Act

A foundational piece of U.S. legislation, established in 1935, that protects workers' rights to organize, to bargain collectively, and to engage in other activities related to collective bargaining and mutual aid.

Employer's Willingness

An indication of how open or receptive an employer is to engaging in practices such as negotiations, improvements, or concessions in the workplace.