Business Studies, asked by shringarika279, 1 year ago

What is licensing in international business?

Answers

Answered by Abhishek75700
8
HEY FRND...☺☺☺☜☛⛤
⛤⛤☛☺☺Licensing is a business arrangement in which one company gives another company permission to manufacture its product for a specified payment. Licensing generally involves allowing another company to use patents, trademarks, copyrights, designs, and other intellectual in exchange for a percentage of revenue or a fee⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛OR⬛⬛⬛⬛⬛⬛⬛⬛⬛
international licensing agreement allows foreign firms, either exclusively or non-exclusively to manufacture a proprietor's product for a fixed term in a specific market. ... Licensing is a relatively flexible work agreement that can be customized to fit the needs and interests of both, licensor and licensee⛤⛤☛☛☛☺☺☺☺☺☛☺⛤☺⛤☺☺⛤☺☺☺☺☺☺☺
Similar questions