Which of the Following Is True of Licensing

question 2

Multiple Choice

Which of the following is true of licensing?

• A) Licensing is used when a firm possesses some tangible property but does not want to pursue a potential application itself.
• B) The firm does not have to bear the development costs and risks associated with opening a foreign market.
• C) It is also an attractive option when a firm is interested in pursuing a foreign market and is ready to commit substantial resources to a foreign market.
• D) It is an attractive option for firms that have the capital to open overseas markets.

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Definitions:

Team Effectiveness

The capacity of a group of individuals to work together efficiently to achieve their goals and objectives.

Synergy

The combined effect of a group that exceeds the sum of the effects of individual members.

Culturally Competent

Having the awareness, knowledge, and skills to interact effectively and respectfully with people of different cultures, backgrounds, and beliefs.

Essential Elements

Fundamental or basic components that are necessary for something to function or be effective.