Match the term with its definition.
-A strategy to sell a standard package of products, systems, and management services to a company in another country
A)economic risk
B)experience curve efficiencies
C)foreign licensing
D)international franchising
E)international outsourcing
F)international strategic alliance
G)learning effects
H)licensee
I)licensor

Question

Quizplus · Accepted Answer

International franchising is a strategy to sell a standard package of products, systems, and management services to a company in another country.

Answer: C
 Foreign licensing is the process of allowing a company in another country to use a trademark, patent, or other intellectual property in exchange for a fee or royalty payment.

Answer: F
 An international strategic alliance is a partnership between companies from different countries to jointly pursue mutual interests and share resources and expertise.

Answer: H
 A licensee is a company in another country that has been granted the right to use a trademark, patent, or other intellectual property by the licensor.

Answer: I
 A licensor is a company that grants another company in another country the right to use a trademark, patent, or other intellectual property for a fee or royalty payment.

These terms are not directly related to the other options provided:
- Economic risk
- Experience curve efficiencies
- International outsourcing
- Learning effects

Match the Term with Its Definition