Which of the following terms refers to the domestic sale of products manufactured under a license that only grants a foreign licensee the right to sell the goods overseas?
A) gray marketing
B) patenting
C) franchising
D) cross-licensing

Question

Quizplus · Accepted Answer

Gray marketing (also known as parallel importing) refers to the practice of importing and selling products through unofficial channels, such as unauthorized distributors or retailers. In this case, the products are manufactured under a license that only grants a foreign licensee the right to sell the goods overseas, but they are being sold domestically through gray market channels without the authorization of the original manufacturer or licensee.

Which of the Following Terms Refers to the Domestic Sale