Which one of the following is an alternate and/or a precursor to setting up a production facility abroad?
A)exporting
B)setting up a sales subsidiary
C)setting up a distribution system
D)licensing

Question

Quizplus · Accepted Answer

Licensing can be an alternate or a precursor to setting up a production facility abroad as it involves giving permission to use the company's intellectual property or technology by another company in exchange for royalties or fees. This allows the company to earn revenue from its intellectual property without having to set up a production facility overseas.

Which One of the Following Is an Alternate And/or a Precursor