Q732
Licensing permits firms to employ their expertise in foreign marketplace without a
A.
Investment
B.
Acquisition of Subsidiary
C.
International trade
D.
Major investment in foreign countries
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Licensing permits firms to employ their expertise in foreign marketplace without a major investment in foreign countries. Licensing is a relatively flexible work agreement that can be customized to fit the needs and interests of both licensor and licensee.