General Motors (GM), a U.S. automotive manufacturer, has an arrangement with Isuzu Motors of Japan in which the Isuzu Ascender is produced at the same GM manufacturing plant as the Chevrolet TrailBlazer and GMC Envoy. All three vehicles use the same basic platform and engine. This is an example of licensing.

Question

Quizplus · Accepted Answer

This is not an example of licensing, but rather a joint venture or partnership between GM and Isuzu. Licensing involves one company granting another company the right to use its intellectual property, such as trademarks or patents, in exchange for royalties or fees.