Licensing is similar to exporting in that it does not require capital outlays, thereby reducing risk and increasing flexibility.

Name: Licensing is similar to exporting in that it does not require capital outlays, thereby reducing risk and increasing flexibility.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Licensing, like exporting, allows a company to enter foreign markets without significant capital investment, reducing financial risk and offering flexibility in market entry strategies.

Licensing Is Similar to Exporting in That It Does Not