Which of the Following Is an Advantage Inherent in the Use

question 87

Multiple Choice

Which of the following is an advantage inherent in the use of licensing?

• A) The licensor retains control of its product.
• B) The licensor is protected from creating a potential competitor.
• C) It provides an exemption from domestic trade regulations.
• D) There is an increase in potential profit compared with direct investment.
• E) The licensee gains information that can help it start with a competitive advantage.

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Definitions:

Concise

Expressing or conveying information in a clear and brief manner, without unnecessary details.

Status

The relative position or standing of things or especially persons in a society.

Flexibility

The quality of being adaptable or willing to adjust to new conditions or circumstances.

Experience

The knowledge or skill acquired by a period of practical involvement in an activity.