The Advantages of Using a Licensing Strategy to Participate in Foreign

question 1

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 or patents without committing significant additional resources to markets that are unfamiliar, politically volatile, economically uncertain, or otherwise risky.
• E) being able to achieve higher product quality and better product performance than with an export strategy.

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Definitions:

Produce Fruit

The biological process in which flowering plants generate fruits, which are the mature ovary of a flower and often contain seeds.

Bryophytes

A group of non-vascular plants, including mosses, liverworts, and hornworts, characterized by their life cycle and lack of traditional leaves and roots.

Dominant Gametophytes

In the lifecycle of plants, gametophytes that express the dominant traits and typically produce the majority of gametes for reproduction.

Eudicots

One of the major groups of flowering plants, characterized by seeds with two embryonic leaves or cotyledons.