A(n) ________ is a contractual grant of a legally recognized right which can be used as an international marketing tool whereby trade secrets, minor technological methods or processes, or protectable business plans and processes of an entity in one nation are extended to a party in a different nation.
A) license
B) letter of credit
C) copyright
D) deed

Question

Quizplus · Accepted Answer

A license is a contractual grant of a legally recognized right which can be used as an international marketing tool. This allows the trade secrets, minor technological methods or processes, or protectable business plans and processes of an entity in one nation to be extended to a party in a different nation.

A(n) ________ Is a Contractual Grant of a Legally Recognized