_____ Is Best Described as a Form of Long-Term Contracting

question 7

Multiple Choice

_____ is best described as a form of long-term contracting in the manufacturing sector that enables firms to commercialize intellectual property.

• A) Lean manufacturing
• B) Licensing
• C) Crowdsourcing
• D) Bootlegging

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Definitions:

Foreign Currencies

Currencies used in countries other than one's own, involved in international trading and financial transactions.

U.S. Businesses

Companies or enterprises that are located within the United States, encompassing a wide range of industries and sizes.

Imported Goods

Products or services brought into one country from another for sale.

International Gold Standard

A monetary system in which countries fixed the value of their currencies in terms of a specified amount of gold, facilitating international trade and investment.