Advantages of licensing are
A) It is a quick way to enter foreign markets with minimal effort on the part of licensor
B) Requires very little paperwork and does not require government approvals
C) Lessens travel time and costs
D) There is no need for transportation and logistical support

Question

Quizplus · Accepted Answer

Licensing allows a company to enter foreign markets quickly and with minimal effort because it involves granting rights to a licensee to produce and sell products in that market, leveraging the licensee's existing infrastructure and market knowledge.

Advantages of Licensing Are