_____ means selling the right to use some process, trademark, patent, or other right for a fee or royalty.
A) Licensing
B) Management contracting
C) Joint venturing
D) Exporting
E) Direct investment

Question

Quizplus · Accepted Answer

Licensing means selling the right to use a specific process, trademark, patent, or other right for a fee or royalty. This involves licensing the intellectual property to foreign firms, giving them the right to use it in their production processes or in selling their products.

_____ Means Selling the Right to Use Some Process, Trademark