An advantage of licensing as a method of entering global competition is that the

Question

An advantage of licensing as a method of entering global competition is that the (Points : 4)       licensing company need not bear the costs and risks of opening up an overseas market.
      licensing company has control over its technology.
      licensing company has control over quality levels.
      licensing company has lower communication costs.
      licensee has lower production costs.

9. Despite differences across cultures, research suggests that regardless of nationality or religion, most people embrace which of the following values? (Points : 4)       self-centeredness
      competitiveness
      compassion
      workaholism
      sincerity

10. An advantage of joint ventures in the international marketplace is (Points : 4)       the local partner may have a greater knowledge of local consumer tastes and preferences.
      the local partner may have a greater understanding of local business practices and regulations.
      costs of developing the new market are shared with the joint venture partner.
      the risks of entering the new market are shared with the joint venture partner.
      All of the above are advantages of joint ventures. An advantage of licensing as a method of entering global competition is that the (Points : 4)       licensing company need not bear the costs and risks of opening up an overseas market.
      licensing company has control over its technology.
      licensing company has control over quality levels.
      licensing company has lower communication costs.
      licensee has lower production costs.

Explanation / Answer

Hi,

Please find the answer as follows:

8) Licensing company need not bear the costs and risks of opening up an overseas market.

9) Compassion.

10) All of the above are advantages of joint ventures.

Thanks.

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