All of the Following Are Advantages of Licensing Except Which

question 205

Multiple Choice

All of the following are advantages of licensing except which?

• A)the foreign country gains employment by having the product manufactured locally
• B)the licensee gains information that allows it to start with a competitive advantage
• C)the lower risk to the company granting the license compared to direct investment.
• D)the licensor's ability to protect its brand name from harm
• E)the capital-free entry into a foreign country

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Definitions:

Apparent Authority

The appearance or assumption of authority based on the actions or statements of the principal, leading third parties to believe an agent has authority to act.

Actual Authority

A legal concept where a party is officially granted the power to act on behalf of another, particularly in a business setting.

Implied Authority

The power of an agent to act on behalf of a principal, assumed to be granted due to the nature of the relationship, without explicit consent.

Actual Authority

The specific powers that a principal explicitly grants to an agent to act on their behalf.