Jespher,Inc. ,allows Hertonz,a foreign organization,to take charge of both manufacturing and distributing one or more of its products in Thailand in return for a negotiated fee.This is an example of:

Question

Quizplus · Accepted Answer

In licensing,a company (the licenser)allows a foreign organization (the licensee)to take charge of both manufacturing and distributing one or more of its products in the licensee's country or world region in return for a negotiated fee.