Allowing a foreign organization to take charge of manufacturing and distributing a product in its country or world region in return for a negotiated fee is referred to as
A)licensing.
B)franchising.
C)strategic alliance.
D)exporting.
E)importing.

Question

Quizplus · Accepted Answer

Licensing is allowing a foreign organization to take charge of manufacturing and distributing a product in its country or world region in return for a negotiated fee.

Allowing a Foreign Organization to Take Charge of Manufacturing and Distributing