When Harbor Trades, a Korean-based company, makes resources including technology, managerial skills, and patent and trademark rights available to Nano Technologies, a Russian company whereby allowing Nano to make products similar to Harbor, it is engaging in exporting.

Question

Quizplus · Accepted Answer

This scenario describes licensing, not exporting. Licensing involves granting rights to another company to use intellectual property, whereas exporting involves selling goods or services to a foreign country.

When Harbor Trades, a Korean-Based Company, Makes Resources Including Technology