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Select all that apply Identify true statements about the typical conditions under which licensing is used as an entry strategy in international business. Multiple select

Select all that apply Identify true statements about the typical conditions under which licensing is used as an entry strategy in international business. Multiple select question. It is often used when a firm desires total control and managerial efficiency through clear communication and shared visions. It is often used by firms that spend a relatively large part of their revenues on research and development (R&D). It is often used when a firm's product is in the mature stage of the product life cycle and the firm faces strong competition and falling profits. It is often used by firms that seek to quickly expand resources or construct high-profit products in a new market

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