Question

Importance of licensing in international business

Answer 1

Explanation:

1. Licensing is an important task
2. It approves a product a company
3. It checjs the proper condduct of the conpany
4. To avoid frauds

Answer 2

Answer:

Explanation:

The following are the main advantages and reasons to use an international licensing for expanding internationally: Obtain extra income for technical know-how and services. Reach new markets not accessible by export from existing facilities. Quickly expand without much risk and large capital investment.