Companies may move from licensing or joint venture strategies to ownership in order to achieve faster expansion in a market,greater control,or higher profits.

Question

Quizplus · Accepted Answer

This statement is true. Companies may choose to move from licensing or joint venture strategies to ownership for various reasons such as faster expansion, greater control, or higher profits. Licensing and joint venture strategies may have limitations and restrictions that can inhibit a company's growth or profitability, which is why some companies choose to establish ownership in a market.

Companies May Move from Licensing or Joint Venture Strategies to Ownership