Licensing increases the risk of losing control over a firm's proprietary technological know-how
Indicate whether the statement is true or false.
TRUE
If a firm's competitive advantage (its core competence) is based on control over proprietary technological knowhow, licensing and joint-venture arrangements should be avoided if possible to minimize the risk of losing control over that technology
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The ________ begins with sales representatives and dealers sending orders to the firms and is followed by the sales department preparing invoices, and finally generating shipping and billing documents which are then sent to various departments
A) payroll system B) market research process C) human resources system D) expense cycle E) order-to-payment cycle
________ is the potential use of fixed operating costs to magnify the effects of changes in sales on earnings before interest and taxes
A) Financial leverage B) Operating leverage C) Operating budget D) Ratio analysis