Exporting is an arrangement whereby an organization grants a foreign firm the right to use intellectual properties such as patents, copyrights, manufacturing processes, or trade names for a specific period of time

J is selling real estate without a license. J is guilty of a :

A. misdemeanor B. gross misdemeanor C. second degree felony D. first degree felony

Which of the following is a disadvantage of using the historical cost-plus approach to arrive at a selling price?

A) It does not include the shipping and ancillary charges as part of a product's cost. B) It ignores demand and competitive conditions in the target markets. C) It fails to address the indirect manufacturing costs that a company is likely to incur. D) It cannot be used by companies that are new to exporting products.