Disadvantages or using licensing as a market entry tool

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1. What are the advantages and disadvantages or using licensing as a market entry tool? Give examples of companies from different countries that use licensing as a global marketing strategy.

2. Consider a single-server queuing syatem. If the arrival rate is 40 units per hour, and each customer takes 40 seconds on average to be served, what is the average time in the system to include service (answer in minutes to 2 decimal places)

Reference no: EM131801289

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