_____ refers to the granting of permission by one party to another party to use intellectual property rights, such as trademarks, patents, brand names, or technology, to a foreign company under defined conditions along with providing a bundle of services and products.
A)Joint venture
B)Licensing
C)Leasing
D)Acquisition
E)Franchising

Question

Quizplus · Accepted Answer

The Answer of _____ refers to the granting of permission by one party to another party to use intellectual property rights, such as trademarks, patents, brand names, or technology, to a foreign company under defined conditions along with providing a bundle of services and products.
A)Joint venture
B)Licensing
C)Leasing
D)Acquisition
E)Franchising

_____ Refers to the Granting of Permission by One Party