A Primary Disadvantage of a Licensing Strategy Is the Need

question 35

Multiple Choice

A primary disadvantage of a licensing strategy is the need to:

• A) monitor the licensing agreement.
• B) safeguard the company's proprietary know-how.
• C) work with reputable firms.
• D) lose some degree of control over their competitive offering.
• E) All of these.

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Definitions:

Consumer Financial Protection Bureau

A regulatory agency charged with overseeing financial products and services that are offered to consumers, focusing on protecting consumers from deceptive, unfair, or abusive practices.

National Park Service

A U.S. federal agency responsible for managing national parks and monuments, conserving natural and historical treasures.

Department of Health

A government agency responsible for public health policy, research, and advocacy, often focusing on disease prevention and health promotion.

Human Services

A field focused on meeting human needs through an interdisciplinary knowledge base, aiming at prevention as well as remediation of problems, and maintaining a commitment to improving the overall quality of life of service populations.