Which of the Following Is True of Licensing Arrangements

Which of the following is true of licensing arrangements?

A) Licensing requires international businesses to make direct foreign investment to enter foreign markets.
B) Licensing often is used by firms as an expansion technique in the domestic market.
C) Licensing agreements must follow the local laws where they operate.
D) Licensing agreements are governed by international trade and business laws.
E) Licensing technology requires substantial capital to expand a company's market.