Match the term with its definition.
-The company selling licensing rights

Question

Quizplus · Accepted Answer

Licensor refers to the company selling licensing rights.

Answer: H 
 Licensee refers to the company buying licensing rights.

Answer: C 
 Foreign licensing refers to a type of licensing where a company in one country allows another company in a foreign country to use its intellectual property, such as trademarks or patents, in exchange for payment.

Answer: D 
 International franchising refers to a type of licensing where a company allows another company in a foreign country to use its business model, trademarks, and operating systems in exchange for payment and ongoing support.

Answer: E 
 International outsourcing refers to a practice where companies in one country hire another company in a foreign country to perform a specific task or service, typically at a lower cost than it would be to perform the task in-house.

Answer: F 
 International strategic alliance refers to a partnership between two or more companies in different countries to achieve a specific goal, such as entering a new market or developing a new product.

Answer: B 
 Experience curve efficiencies refer to cost savings that arise from a company's increased proficiency at producing a particular product over time as a result of learning effects and economies of scale.

Answer: G 
 Learning effects refer to the efficiency gains that arise from a company's experience with a particular product or process, such as increased speed or better quality.

Answer: A 
 Economic risk refers to the financial uncertainty associated with investments in foreign countries, including the potential for currency fluctuations, political instability, and changes in regulations.

Match the Term with Its Definition