Which of the Following Is Generally a Licensing Rather That

question 6

Multiple Choice

Which of the following is generally a licensing rather that an exporting opportunity for a multinational looking to expand globally?

• A)The firm has a product that can be shipped without adaptation.
• B)The firm is seeking to market a specific product or process technology that can be written down and transmitted objectively.
• C)The firm has a product such as a new device that is technologically advanced.
• D)A firm that has a specialized cost-saving equipment.

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Definitions:

Age of Majority

The legal age at which an individual is recognized as an adult and can engage in activities such as voting and signing contracts.

Illegal Subject

Refers to a topic or matter that is prohibited by law and cannot legally be the subject of a contract or agreement.

Voidable Contract

A contract that may be legally declared invalid by one party due to factors such as fraud or lack of capacity to consent.

Social Status

The position or rank of a person or group within the social hierarchy, determined by various factors including occupation, education, wealth, and heritage.