What is the term for an agreement in which a foreign business owner pays a company a fee for the right to conduct that business in his or her country?
A)exporting agreement
B)cooperative contract
C)joint venture
D)strategic alliance

Question

What is the term for an agreement in which a foreign business owner pays a company a fee for the right to conduct that business in his or her country?
A)exporting agreement  
B)cooperative contract  
C)joint venture  
D)strategic alliance

Quizplus · Accepted Answer

The term for an agreement in which a foreign business owner pays a company a fee for the right to conduct that business in his or her country is a cooperative contract. This is a type of licensing agreement, in which the foreign business owner pays a fee to use a company's intellectual property or business model to conduct business in their own country. This allows the foreign business owner to enter a new market without having to invest in costly research and development or marketing efforts.

What Is the Term for an Agreement in Which a Foreign