Under a(n)_____,a foreign company pays a royalty fee to manufacture or sell your U.S.company's products,using your name and processes and perhaps your intellectual property.
A)international franchising agreement
B)international licensing agreement
C)strategic alliance
D)outsourcing contract

Question

Quizplus · Accepted Answer

An international licensing agreement allows a foreign company to manufacture or sell another company's products while paying a royalty fee. This arrangement often includes the use of the licensor's name, processes, and intellectual property.

Under A(n)_____,a Foreign Company Pays a Royalty Fee to Manufacture