A producer conducts business ethically and receives high praise from most customers. The producer pays all of the required license renewal fees, but receives a notice that its license has been terminated. What is the most likely reason for this?

Question

Business

Katherine Welch

31 May, 20:19

A producer conducts business ethically and receives high praise from most customers. The producer pays all of the required license renewal fees, but receives a notice that its license has been terminated. What is the most likely reason for this?

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Answers (1)

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Cameron Kim · Answer 1

Lack of continuing education

Explanation:

The reason is that the company has not kept its knowledge updated related to the licenses clauses and as result we have a surprise of contract termination. So the company must be aware of the clauses and its likely implications on the company operations. Now in this case the company must consider the alternative option to counter this issue.