GlobalNOW! is a small company that has only limited funds available for research and development.GlobalNOW! should consider ____ to acquire access to new products.

Question

Quizplus · Accepted Answer

Securing a production license can provide GlobalNOW! with access to new products without the significant financial investment required for forming a wholly owned subsidiary, acquiring a new company, or potentially even entering into a distributor alliance. A production license allows the company to produce and sell another company's product, leveraging the research and development already completed by the licensor.

GlobalNOW! Is a Small Company That Has Only Limited Funds