Foreign licensing is similar to
A) starting from scratch.
B) franchising.
C) wholesaling.
D) establishing a subsidiary in another country.
E) establishing a sales office in a foreign country.

Question

Quizplus · Accepted Answer

Foreign licensing is a type of franchising where a company allows another company in a foreign country to use its trademark, technology, or patent in exchange for a fee or royalty payment. Therefore, it is similar to franchising, option B.

Foreign Licensing Is Similar to