Licensing Would Be a Good Option for Firms in Which

question 60

Multiple Choice

Licensing would be a good option for firms in which of the following industries?

• A) High-technology industries in which protecting firm-specific expertise is of paramount importance.
• B) Global oligopolies, in which competitive interdependence requires that multinational firms maintain tight control over foreign operations.
• C) Industries in which intense cost pressures require that multinational firms maintain tight control over foreign operations.
• D) In fragmented, low-technology industries in which globally dispersed manufacturing is not an option.

---

Definitions:

Demand Curve

A visual chart that illustrates the connection between a product's price and the amount consumers are willing to buy.

Prices

The amount of money expected, required, or given in payment for something, reflecting the value of goods or services in monetary terms.

Highest Price

The maximum value that has been paid for a good or service in a particular market or setting.

Market Price

The existing rate at which a product or service is available for purchase or sale in a specific market.