Granting a foreign company the right to manufacture your product or to use your firm's trademark in return for a fee is called:
A) joint venture.
B) foreign subsidiary.
C) licensing.
D) outsourcing.

Question

Quizplus · Accepted Answer

Granting a foreign company the right to manufacture your product or use your company's trademark in return for a fee is called licensing. Joint venture is a partnership between two or more firms, foreign subsidiary is a company located in a foreign country that is owned by a parent company, and outsourcing involves hiring an external company to perform tasks or services that could be done in-house.

Granting a Foreign Company the Right to Manufacture Your Product