Licensing permits a company to have access to markets that may be closed to direct exporting or that may have high entry barriers.

Name: Licensing permits a company to have access to markets that may be closed to direct exporting or that may have high entry barriers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Licensing allows a company to enter foreign markets by granting rights to a local firm, which can help bypass trade barriers or restrictions that might hinder direct exporting.

Licensing Permits a Company to Have Access to Markets That