Which of the Following Is a Disadvantage Associated with Licensing

question 35

Multiple Choice

Which of the following is a disadvantage associated with licensing?

• A)licensor has lower wages and prices
• B)licensor may create its own competition
• C)licensor has increased profit potential
• D)licensor has complete control of the product
• E)the firm's reputation is improved if it selects a poor choice as a licensee

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Definitions:

Subjective

Based on or influenced by personal feelings, tastes, or opinions, rather than external facts.

Plan

A detailed proposal for achieving specific goals or tasks, outlining strategies, actions, and resources needed.

Summarization

The process of condensing information to present the main points succinctly.

E-mail

E-mail, short for electronic mail, is a method of exchanging messages and documents over a network or the internet between two or more individuals.