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) a joint venture.
B) a foreign subsidiary.
C) licensing.
D) outsourcing.

Question

Quizplus · Accepted Answer

Granting a foreign company the right to manufacture a product or use a firm's trademark in return for a fee is called licensing. Joint ventures involve two or more companies creating a new entity, foreign subsidiary refers to a company owned and operated by a parent company in another country, and outsourcing involves contracting work to be done by a third party.

Granting a Foreign Company the Right to Manufacture Your Product