What is a drawback of licensing as a mode of entry into foreign markets? licensing does not give a firm tight control over manufacturing, marketing, and strategy. licensing deals fail when there are barriers to foreign investment in a particular country. the licensor has to bear all costs and risks associated with developing a foreign market. licensing does not benefit firms lacking the capital to expand operations overseas. a firm that enters into a licensing deal with a foreign country will have no long-term interest in that country.

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Why has the free enterprise system been modified to include some government intervention?