Which of the following provides exclusive rights to produce a product for another firm?
A) Licensing arrangement
B) Strategic alliance
C) Foreign direct investment
D) Independent agent
E) Branch office

Question

Quizplus · Accepted Answer

A licensing arrangement involves giving exclusive rights to produce a product or use a technology to another firm in a particular geographic region or market. This allows the licensee to use the licensor's intellectual property while the licensor retains ownership of the rights.

Which of the Following Provides Exclusive Rights to Produce a Product