Foreign licencing is similar to
A) starting from scratch.
B) franchising.
C) wholesaling.
D) establishing a subsidiary in another country.
E) establishing a sales office in a foreign country.

Question

Quizplus · Accepted Answer

Foreign licensing is similar to franchising, where a company allows another company to use its trademark, products, and processes in exchange for royalties and other fees. Both involve a contractual relationship between two businesses, and the licensor retains some control over the quality and use of its products or services.

Foreign Licencing Is Similar to