An advantage of licensing is that firms are able to ________.
A) enter markets with extensive trade barriers
B) guarantee a basis for future expansion
C) control how the licensed asset is used
D) resolve disputes easily

Question

Quizplus · Accepted Answer

Licensing allows firms to enter markets with extensive trade barriers by partnering with local companies that already have the necessary permissions and infrastructure. This method can circumvent the need for direct investment and navigate around trade restrictions more efficiently.

An Advantage of Licensing Is That Firms Are Able to ________