Through licensing, domestic firms give foreign manufacturers/producers the right to produce their product and use their trademark in exchange for royalties.

Name: Through licensing, domestic firms give foreign manufacturers/producers the right to produce their product and use their trademark in exchange for royalties.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Through licensing, domestic firms can give foreign manufacturers or producers the legal right to produce their product and use their trademark in exchange for royalties or fees.

Through Licensing, Domestic Firms Give Foreign Manufacturers/producers the Right to Produce