Licensing is a process in which a firm wanting to enter a market must
A) require all potential customers to obtain government permission to purchase the product.
B) notify the government within a certain period after it has entered the market.
C) pay all overdue taxes before entering the market.
D) obtain permission from the government to enter the market.

Question

Quizplus · Accepted Answer

Licensing typically involves obtaining permission from the government or relevant authorities to enter a market, ensuring compliance with regulations and standards.

Licensing Is a Process in Which a Firm Wanting to Enter