The reputation of a licensor will most likely be jeopardized by a licensing agreement if the licensee ________.
A) markets competing products for significantly lower prices
B) uses the licensing asset to create products of poor quality
C) refuses to pay the agreed upon royalties to the licensor
D) generates few sales because of a lack of marketing skills
Question 2Which of the following is a reason that technological firms should avoid licensing?
A) Foreign governments fear that high-tech firms threaten national security.
B) Foreign markets often lack the technological infrastructures to support production.
C) Firms have difficulties finding highly skilled labor to make their products.
D) Intellectual property might end up in the hands of potential competitors.
Question 3The purpose of the Bretton Woods Agreement was to ________.
A) enable the U.S. Government to monetarily recover after the Second World War
B) control the fluctuating price of gold used for global trading
C) oversee the importing and exporting of international traders
D) govern the exchange rates of major international currencies
Question 4Master franchise arrangements are characterized by which of the following?
A) licensees that manage franchise networks in one market
B) licensors that assert extensive control within a market
C) franchises managed by licensor representatives
D) franchise networks that pay fewer royalties to franchisors
Question 5Which of the following countries is home to the largest number of franchisors?
A) United States
B) Britain
C) China
D) Canada
Question 6Which of the following is an example of one of the world's top franchisors?
A) Walmart
B) CVS Pharmacy
C) GAP
D) Subway