According to the text,which of the following entry strategies has the lowest degree of risk?

Question

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Licensing involves granting a foreign company the rights to use a company's intellectual property or technology in exchange for royalties or fees. This strategy is low risk because the licensor does not need to invest significant resources or take on financial responsibility in the foreign market. The licensor also maintains control over their intellectual property and can exit the agreement if necessary.

According to the Text,which of the Following Entry Strategies Has