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A company finds that one of its warehouses is out of capacity to store products. Expanding the physical size of the warehouse is not an option. The most appropriate solution would be to increase the:
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A company considers moving a portion of its production to a distant country to support a major customer. Which of the following actions is most effective in mitigating the risk of financial loss in the event of a global economic downturn?
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Question 547 - CSCP discussion

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Which of the following statements regarding intellectual property protection is correct?

A.
There is minimal concern about protecting a firm's intellectual property when sourcing abroad.
Answers
A.
There is minimal concern about protecting a firm's intellectual property when sourcing abroad.
B.
The suppliers and countries involved need to have legal constraints in place to protect intellectual property.
Answers
B.
The suppliers and countries involved need to have legal constraints in place to protect intellectual property.
C.
Products or components with high intellectual property content should be sourced globally.
Answers
C.
Products or components with high intellectual property content should be sourced globally.
D.
The legal systems in most low-cost countries provide adequate trade secret protection.
Answers
D.
The legal systems in most low-cost countries provide adequate trade secret protection.
Suggested answer: B

Explanation:

Intellectual property (IP) protection is critical when sourcing abroad due to the following considerations:

Legal Framework: The presence of robust legal constraints in supplier countries ensures that IP rights are protected and enforced, reducing the risk of infringement.

Compliance: Suppliers in countries with strong IP laws are more likely to comply with IP protection requirements, safeguarding proprietary technologies and innovations.

Risk Mitigation: Without adequate legal protection, there is a higher risk of IP theft or unauthorized use, which can lead to competitive disadvantages and financial losses.

Trust and Reliability: Engaging with suppliers in countries with established IP protection laws fosters trust and reliable business relationships.

Maskus, K. E. (2000). Intellectual Property Rights in the Global Economy. Institute for International Economics.

WIPO. (2019). World Intellectual Property Report. World Intellectual Property Organization.

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asked 16/09/2024
Emma Buchanan
40 questions
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