Match the term with its definition.
-A strategy that allows a company in another country to purchase the rights to manufacture and sell a different company's products in international markets

Question

Quizplus · Accepted Answer

Foreign licensing is a strategy that allows a company in another country to purchase the rights to manufacture and sell a different company's products in international markets.

Answer: D
 International franchising is a strategy that allows a company to expand globally by granting the rights to use their business model, product, trademark, and technology to another company in a foreign country.

Answer: H
 A licensee is a company that has been granted the right to manufacture and sell another company's products in a foreign market through foreign licensing.

Answer: I
 A licensor is a company that grants the rights to manufacture and sell its products, services, and/or technology to another company in a foreign market through foreign licensing.

Note: The other terms mentioned in the question are not related to foreign licensing or its definition.

Match the Term with Its Definition