As a company policy, Alberton Consumer Products periodically grants foreign entities the right to produce and sell its products in return for a royalty fee on every unit sold. Alberton Consumer Products' approach is
A) outsourcing.
B) exporting.
C) licensing.
D) diverging.
E) hedging.

Question

Quizplus · Accepted Answer

Licensing is when a company allows another entity to produce and sell its products in exchange for a royalty fee.

As a Company Policy, Alberton Consumer Products Periodically Grants Foreign