Which of the Following Is an Advantage of Licensing

question 107

Multiple Choice

Which of the following is an advantage of licensing?

• A)It helps the firm to realize substantial experience curve and location economies.
• B)It gives a firm tight control over manufacturing,marketing,and strategy.
• C)The firm does not have to bear the development costs and risks associated with opening a foreign market.
• D)Firms can easily maintain control over how their technological know-how is used by the licensee.

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Definitions:

Early Speech

The initial stages of acquiring and developing language skills, typically observed in toddlers as they begin to form words and simple sentences.

Object Permanence

The understanding that objects continue to exist even when they cannot be observed (seen, heard, touched, smelled, or sensed in any way).

Cognitive Development

The process through which individuals acquire and understand knowledge, develop problem-solving skills, and think critically as they grow.

Mentally Represent

The process by which the mind holds an internal image or concept of something in the external world.