When a firm grants licenses internationally, it is giving foreign companies access to its:
A) technologies, patents, or trademarks.
B) facility designs and equipment.
C) product ingredients.
D) management systems.

Question

Quizplus · Accepted Answer

Licensing involves granting permission to use a company's technologies, patents, or trademarks to a foreign company in exchange for payment or royalties. Therefore, the correct choice is A. The other options are not usually part of a licensing agreement.

When a Firm Grants Licenses Internationally, It Is Giving Foreign