By means of a licensing agreement,

Question

Quizplus · Accepted Answer

A licensing agreement is when one firm grants another the legal right to use its intellectual property, which can include patents, trademarks, copyrights, or technology. This allows the licensee to produce and sell goods or services that are associated with the licensor's brand or technology, while the licensor receives a fee or royalty for the use of its intellectual property. Option A refers to setting up a subsidiary, which would involve a separate legal entity being established in the foreign country. Option C is more similar to outsourcing or contract manufacturing, where a company hires another to produce goods on its behalf. Option D is too broad, as licenses typically only cover specific aspects of a company's intellectual property.

By Means of a Licensing Agreement