The way of selling goods in to foreign market having a licensed agreement to operate in foreign country is called?
Correct answer: B. licensing
- A. joint venturing
- B. licensing
- C. exporting
- D. importing
Explanation
Licensing allows a foreign company to use a firm's brand, technology, or production rights under an agreement in return for fees or royalties. Joint venturing requires shared ownership or control, so it is not the best description here.
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