Licensing has become a more profitable venture

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Reference no: EM131676414

1. Which of the following means that goods are shipped to the buyer and payment isn't made until they've been sold?

A. Cash in advance

B. Irrevocable letter of credit

C. Bank collection time draft

D. Consignment

2. Licensing has become a more profitable venture for international companies because

A. the agreements eliminate competition in foreign sales.

B. the federal government pressed foreign governments to enforce patent laws.

C. consumers are wiser and won't accept cheap copies.

D. technology has provided the means to ensure accurate reproduction of products.

3. Organizational _______ is a process dealing with how a company should be organized for integration, efficiency, and effectiveness.

A. division

B. design

C. competitiveness

D. functions

Reference no: EM131676414

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