Through ,an organization in the foreign market buys the right to use a company's manufacturing process,trademark,patent,trade secret,or other item of value.

Question

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Licensing involves a foreign organization buying the right to use a company's manufacturing process, trademark, patent, trade secret, or other item of value. The licensor agrees to share their intellectual property with the licensee for a fee or royalty payment. This allows the licensee to produce and sell the products in their own country without the need for the licensor to set up their own manufacturing facilities or operations in the foreign market.

Through ,An Organization in the Foreign Market Buys the Right