Which of the Following Is True of Licensing as a Form

question 2

Multiple Choice

Which of the following is true of licensing as a form of global market entry?

• A) A company can expand its market reach with almost no capital or marketing costs.
• B) It allows a licensor to directly involve in the overseas market and user's needs.
• C) It can restrict the growth of domestic competitors in an overseas market.
• D) A company's resources cannot be exploited by another company.

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Definitions:

Different Cultures

The variety and diversity of social norms, values, traditions, and practices that exist among groups of people from different backgrounds or societies.

Cultural Intelligence

The capability to relate and work effectively across cultures, involving understanding, skills, and flexibility in adapting to diverse cultural contexts.

Auto Plant

A factory where automobiles are manufactured, typically involving assembly line production methods.

Cross-Cultural Understanding

The awareness and appreciation of differences and similarities across cultures, facilitating effective communication and interaction in a globalized world.