Q109
The process of acquiring technology from other country is called:
A.
Licensing
AnswerB.
Franchising
C.
Technology Transfer
D.
Joint Venture
Answer: Option A
Solution
Answer: Option A
Solution:
The process of acquiring technology from other country is called Licensing. A business arrangement in which one company gives another company permission to manufacture its product for a specified payment. There are few faster or more profitable ways to grow your business than by licensing patents, trademarks, copyrights, designs, and other intellectual property to others.