Question

In which of the following modes of entry, does the domestic manufacturer give the right to use intellectual property, such as patent and trademark to a manufacturer in a foreign country for a fee:
a. Licensing b. Contract manufacturing c. Joint venture d. Public Private Partnership

Answer 1

Answer:

In LICENSING modes of entry,  the domestic manufacturer give the right to use intellectual property, such as patent and trademark to a manufacturer in a foreign country for a fee .

Among the given option option (a)  LICENSING is a correct answer.

Explanation:

LICENSING :  

Licensing is a Legal contractual relationship in which one form grants access to its patents or technology to another firm in a foreign country for a fee called royalty. An initial payment has to be made in a regular licence fee.  

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