Licensing Is Best Described As

question 61

Multiple Choice

Licensing is best described as:

• A)a nonequity method of international business in which an entrepreneur contracts his or her
• Management techniques and skills to a (foreign)purchasing company.
• B)a method of doing international business whereby a foreign entrepreneur supplies the manufacturing technology or infrastructure for a business and then turns it over to local owners.
• C)a method that involves giving a foreign manufacturer the right to use a patent,technology,production process,or product in return for the payment of a royalty.
• D)an equity partnership that involves selling patents to foreign governments.

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Definitions:

Intellect

The ability to learn, understand, and apply knowledge, often seen as a component of intelligence.

Imagination

The faculty or action of forming new ideas, images, or concepts of external objects not present to the senses.

Adventurousness

The willingness or tendency to take risks and try new or challenging experiences.

Negative Correlation

When one variable is high, the other variable tends to be low.