The transfer of technology rights in a product to allow another firm in a foreign country to produce a product in return for royalties or other specified payments is called:

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The transfer of technology rights in a product to allow another firm in a foreign country to produce a product in return for royalties or other specified payments is known as licensing. This allows a firm to enter new markets and earn revenue without having to make significant investments in production facilities or operations.

The Transfer of Technology Rights in a Product to Allow