Foreign licensing is when a business buys and sells products in many countries,either in its own name,or as an agent for its buyer-seller clients.

Question

Quizplus · Accepted Answer

Foreign licensing involves granting another company in a foreign country the right to use a company's products or services in return for royalty payments or other compensation. It does not involve buying and selling products in many countries directly.

Foreign Licensing Is When a Business Buys and Sells Products