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

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