__________ is an arrangement by which an organization in another country buys the rights to manufacture another organization's product in its own country for a negotiated fee.
A) Franchising
B) International licensing
C) Entering a joint venture
D) Exporting
E) Royalty facilitation

Question

Quizplus · Accepted Answer

International licensing is an arrangement by which a licensee in another country buys the rights to manufacture a company's product in its own country for a negotiated fee (typically royalty payments on the number of units sold). The licensee then puts up most of the capital necessary to get the overseas operation going.

__________ Is an Arrangement by Which an Organization in Another