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:

High-tech

Referring to the latest technology and the industry that develops it, especially in the fields of electronics, computing, and information technology.

Income Strata

Distinct categories of income levels within a society, often used to analyze social and economic disparities.

Sociologist

A social scientist who studies the development, structure, and functioning of human society and the dynamics of social interactions and relationships.

Households

Units consisting of one or more people who live in the same dwelling and share meals or living accommodation; may consist of a single family or some other grouping of people.