Which of the following is most likely provided by the licensor in a licensing agreement?
A) a monetary down-payment plus royalties for all products sold locally
B) a combination of intellectual property and technical information and assistance
C) a storefront or facility and the necessary materials to make the product
D) a combination of a lump-sum payment and the intellectual know-how
Question 2The relationships established in franchising arrangements are typically stable and long-lasting in comparison to licensing arrangements.
Indicate whether the statement is true or false
Question 3What motivates managers and employees in both uncertainty-avoiding and uncertainty-accepting cultures? How do the differences between these types of cultures affect team dynamics?
What will be an ideal response?
Question 4Master franchising accounts for a small percentage of international franchising arrangements because franchisors dislike the lack of control over their products and services.
Indicate whether the statement is true or false
Question 5Foreign governments often encourage franchises because most of the money generated by the franchise remains in the local economy.
Indicate whether the statement is true or false
Question 6A licensor must periodically renew its right to use intellectual property.
Indicate whether the statement is true or false
Question 7Upon selection of an executive for an expatriate posting, the most common predeparture training involves a range of instructive profiles of major aspects of the host country.
Indicate whether the statement is true or false
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