Can-Eng Manufacturing, Canada's largest supplier of industrial furnaces, exports its furnaces to companies in Japan, Brazil, Germany, Korea, Taiwan, and Mexico. Can-Eng has an agreement with foreign companies in these countries called a(n)
A) international mandate.
B) licensing arrangement.
C) independent agency.
D) export agreement.
E) strategic alliance.

Question

Quizplus · Accepted Answer

A licensing arrangement allows a company in one country to use the property of a company in another country. This can include trademarks, patents, or technology, which is common in international business for products like industrial furnaces.

Can-Eng Manufacturing, Canada's Largest Supplier of Industrial Furnaces, Exports Its