Which of the following is a specialized type of licensing?
A)Partnership
B)Foreign franchising
C)Joint venture
D)Exporting

Question

Quizplus · Accepted Answer

Foreign franchising is a specialized type of licensing where a company licenses its brand and business model to a foreign company or individual for a specific period of time and in a specific location in exchange for fees and royalties. It allows for the expansion of a brand into international markets without having to make significant investments in infrastructure, staffing, and marketing.

Which of the Following Is a Specialized Type of Licensing