Foreign licensing is ________.
A)required when a business buys and sells products in many countries, either in its own name or as an agent for its buyer-seller clients
B)a government-owned or business-owned facility set up in a foreign country to buy products that are made there
C)used by one firm (the carrier)of its overseas distribution network to sell noncompetitive products made by other firms (riders)
D)an agreement in which a licenser gives a licensee in another country the right to use that licenser's patent, trademark, copyright, technology, and products in return for a percentage of the licensee's sales or profits

Question

Quizplus · Accepted Answer

Foreign licensing is an agreement where a licenser gives a licensee in another country the right to use that licenser's patents, trademarks, copyrights, technology, and products in return for a percentage of the licensee's sales or profits. This allows the licensee to use the licenser's intellectual property to manufacture and sell products in the foreign market, without the licenser having to set up operations overseas.

Foreign Licensing Is ________