Which of the Following Is True of Licensing Arrangements

question 70

Multiple Choice

Which of the following is true of licensing arrangements?

• A) Licensing requires international businesses to make direct foreign investment to enter foreign markets.
• B) Licensing often is used by firms as an expansion technique in the domestic market.
• C) Licensing agreements must follow the local laws where they operate.
• D) Licensing agreements are governed by international trade and business laws.
• E) Licensing technology requires substantial capital to expand a company's market.

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Definitions:

Norms

Societal, group, or organizational standards of behavior that are considered acceptable and typical.

Values

are deeply held beliefs or standards that influence behavior and decision-making, serving as fundamental principles guiding an individual's or organization's actions.

Visible

Able to be seen; perceptible to the eye.

Team-based Reward

A system of incentives designed to recognize and reward the collective achievements and contributions of a team towards organizational objectives.