A company is licensing its products when it
A) allows another company to pay it a fee to train its employees.
B) allows a foreign company to pay it a fee to make or distribute the first company's product or service.
C) pays a competitor a fee to stop the competitor from selling its products in the company's territory.
D) develops a strategic plan for another organization.
E) barters goods for goods in lieu of a monetary payment.

Question

Quizplus · Accepted Answer

In licensing, a company allows a foreign company to pay it a fee to make or distribute the first company's product or service.

A Company Is Licensing Its Products When It