Licensing allows a firm to purchase the right to manufacture and sell another firm's products within a specific country or set of countries.

Name: Licensing allows a firm to purchase the right to manufacture and sell another firm's products within a specific country or set of countries.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Licensing enables a firm to purchase the legal right to manufacture and sell another firm's product within a particular geographical region in return for a fee or royalty.

Licensing Allows a Firm to Purchase the Right to Manufacture