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:

Restrictions

Limitations or rules imposed by authorities or circumstances that regulate actions or behavior.

Inter-colonial Issues

Inter-colonial issues refer to conflicts or cooperation matters that arose between different colonies, especially during times of European exploration and colonization, affecting trade, governance, and territorial disputes.

Colonist

An individual who settles in a new land or territory, often established by a parent country, to live, farm, or establish a new community.

British Controls

British controls refer to regulatory, administrative, or policy measures implemented by the British government to manage its territories and colonies.