When Veriol Inc., a pharmaceuticals company, bought the rights of manufacturing and selling Nocturne Pharma's vitamin supplement, Vita Plus, in Mexico, Veriol Inc. engaged in _____.

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Veriol Inc. engages in licensing as they bought the rights of manufacturing and selling Nocturne Pharma's vitamin supplement, Vita Plus, in Mexico. Licensing is a contractual agreement in which one company (the licensor) allows another company (the licensee) to use its intellectual property, such as patents, trademarks, copyrights, or technology, in exchange for compensation or other benefits.