________ represent(s)a market entry strategy whereby one company permits a foreign company to make use of its patents,know-how,technology,company name,or other intangible assets in return for a royalty payment.

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Licensing is a market entry strategy where a company permits a foreign company to use its patents, technology, know-how, or other intangible assets in exchange for a royalty payment. This allows the foreign company to benefit from the expertise and knowledge of the company without having to invest in research and development, while the original company receives revenue from the licensing agreement.

________ Represent(s)a Market Entry Strategy Whereby One Company Permits a Foreign