One advantage of licensing is the relatively low cost of entering a foreign market.

Name: One advantage of licensing is the relatively low cost of entering a foreign market.
Brand: Quizplus
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Licensing allows a company to enter a foreign market by granting the right to use its intellectual property for a fee or royalty. This can be a cost-effective way for companies to expand their global reach without having to invest in physical resources or infrastructure.

One Advantage of Licensing Is the Relatively Low Cost of Entering