Modern Mosaics,an American firm,has granted a Chinese firm the right to use the Modern Mosaics manufacturing processes for a specific period of time.Modern Mosaics is most likely involved in ________.

Question

Quizplus · Accepted Answer

C)Licensing is an arrangement whereby an organization grants a foreign firm the right to use intellectual properties such as patents,copyrights,manufacturing processes,or trade names for a specific period of time.Franchising is an option whereby the parent company grants another firm the right to do business in a prescribed manner.

Modern Mosaics,an American Firm,has Granted a Chinese Firm the Right