Selling the rights to manufacture your company's product to an overseas company for a negotiated fee is:

A. Franchising
B. Licensing
C. Entering a joint venture
D. Exporting
E. Royalty facilitation

B. Licensing

Business

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One roadblock that can keep TQM from delivering its intended benefits is the failure to develop a culture of continuous learning.

Indicate whether the statement is true or false.

Business

The limitations of the profit maximization goal include which of the following?

a. it lacks a time dimension (i.e., it is static) b. it fails to consider risk with alternative decisions c. the definition of profit is ambiguous d. all the above are limitations

Business