One advantage of foreign licensing as a strategy to enter the global market is the sharing of trade secrets.

Question

Quizplus · Accepted Answer

Foreign licensing does not involve the sharing of trade secrets. Instead, it allows a foreign company to use a company's technology or product design in exchange for royalties or other payments. While there may be some transfer of know-how involved, a company can still retain control over its valuable intellectual property.

One Advantage of Foreign Licensing as a Strategy to Enter