Hindustan Motors (HM. alliance with Mitsubishi to manufacture and market Lancer cars in India is an example of.
A)Franchise agreement.
B)Vertical relationship.
C)Technological licence agreement.
D)Horizontal integrative relations.

Question

Quizplus · Accepted Answer

Hindustan Motors' alliance with Mitsubishi to manufacture and market Lancer cars in India is an example of a technological license agreement. This is because HM was given the license to use Mitsubishi's technology to produce and sell Lancer cars in the Indian market.