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Management · Q109

International Finance and Treasury

Graduate and Post Graduate · Management · question 109

Q109

The process of acquiring technology from other country is called:

A.
Licensing
Answer
B.
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.