Firms for Which Licensing Is Not a Good Option Include

question 61

Multiple Choice

Firms for which licensing is not a good option include those in

• A)low-technology industries.
• B)global oligopolies.
• C)industries characterized by low cost pressures.
• D)industries where transportation costs are high.
• E)industries which need to have low control over foreign operations.

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Definitions:

Recommendations

Advice or suggestions aimed at guiding decisions or actions.

Corporate Wrongdoing

Actions taken by companies or their representatives that are unethical, illegal, or otherwise harmful to others.

Ethics

Moral principles that govern a person's behavior or the conducting of an activity.

Compliance Programs

Structured plans implemented by organizations to ensure adherence to legal, ethical, and regulatory standards and requirements.