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Licensing as a market entry mode has several disadvantages and opportunity costs, which do not include:

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Answer:

Adaptations by the licensee to fit local tastes.

Step-by-step explanation:

It does not include that the “ adaptations by the licensee to fit local tastes” because the licensing is the process through which a person gets permission to work within the industry. Moreover, if a person gets the license to work in a certain market place then it does mean that it will be successful. To fit in the local taste requires other factors except the licensing.

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