____________________ is a type of entry mode in which a foreign licensor grants specified intangible property rights to the local licensee for a specified period of time in exchange for a royalty fee.

Question

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International licensing involves a foreign licensor granting specified intangible property rights to a local licensee, such as intellectual property or manufacturing processes, in exchange for a royalty fee. This allows the local licensee to use the licensed technology or brand name for a specified period of time.

____________________ Is a Type of Entry Mode in Which a Foreign