Which of the following is true of licensing?
A) Licensing is most frequently used in service industries.
B) Licensing refers to a business operation in a foreign country that a firm fully owns.
C) Under licensing, a firm that grants a license absorbs a lot of costs.
D) Under licensing, a firm gains complete control over how its technology is used.
E) Under licensing, the profits of a firm that grants a license are limited to the fees that it collects from the local firm.
Correct Answer:
Verified
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