________ is an arrangement by which an organization in another country buys the rights to manufacture a company's product in its own country for a negotiated fee.
A)Franchising
B)International licensing
C)Entering a joint venture
D)Exporting
E)Patenting

Question

Quizplus · Accepted Answer

International licensing is an arrangement in which a company grants the right to manufacture and use its products or processes to another company in a different country in exchange for a fee or royalty payment. This allows the company to expand its reach and generate revenue without having to invest in setting up manufacturing or distribution facilities in another country.

________ Is an Arrangement by Which an Organization in Another