The legal process whereby a company allows another firm to use its manufacturing process,trademarks,patents,trade secrets,or other proprietary knowledge is ______________.
A) licensing
B) contract manufacturing
C) joint venture
D) direct foreign investment

Question

Quizplus · Accepted Answer

Licensing is the legal process where a company permits another firm to use its proprietary knowledge, such as manufacturing processes, trademarks, patents, or trade secrets.

The Legal Process Whereby a Company Allows Another Firm to Use