Chrysler granted South East Motor (a company in China)rights to produce its Grand Voyager minivan for sale in China in exchange for a fee.This is an example of a ________.
A)licensing agreement
B)bargaining school arrangement
C)technology appropriation
D)turnkey operation

Question

Quizplus · Accepted Answer

This is an example of a licensing agreement, as Chrysler has granted the rights to produce and sell its product to a company in another country in exchange for a fee.

Chrysler Granted South East Motor (A Company in China)rights to Produce