Which of the Following Is a Potential Drawback of Licensing

question 44

Multiple Choice

Which of the following is a potential drawback of licensing?

• A) If quality is compromised, it may reflect poorly on the company providing the license.
• B) Licensing will provide the original producer with much foreign marketing experience.
• C) It is a relatively inexpensive way to market your product internationally.
• D) It is an extremely expensive and highly involved method of international expansion.
• E) It provides no compensation for the original company.

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Definitions:

Standard Time

The established time allowed for the completion of a specific job, based on measurements and assessments of work processes.

Variable Allowance

In budgeting and cost accounting, it refers to an amount set aside that can change based on the performance or needs of a business.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, used in statistics to quantify the spread of a distribution around the mean.

Standard Sample

A sample or benchmark against which the quality or performance of other items can be measured or judged.