Licensing Refers to

Multiple Choice

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) a foreign country and a local firm investing 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.