Licensing refers to
A)offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or fee.
B)contracting with a foreign firm to manufacture products according to certain specifications.
C)when a foreign country and a local firm invest together to create a local business.
D)having a company handle its own exports directly without intermediaries.
E)exporting through an intermediary, which often has the knowledge and means to succeed in selling a firm's product abroad.

Question

Quizplus · Accepted Answer

Licensing refers to offering the right to a trademark, patent, trade secret or similarly valued items of intellectual property in return for a royalty or fee. This allows the licensee to use the intellectual property without having to invest in the development of their own.

Licensing Refers to