Business Studies

In which of the following modes of the 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?


ANSWER

Licensing


SOLUTION
Licensing agreement is a legal contract entered by two parties where the owner of the intellectual, real or personal property gives the other party the right to use it for a consideration. The owner is known as the Licensor, the person using it as the Licensee and the consideration as the License Fee.
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 199
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Which of the following industry(ies) is/are example(s) of Contract Manufacturing?
  • A. Defense
  • B. Medical
  • C. Telecommunications
  • D. All of the above

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
What does DFEC stand for?
  • A. Direct Foreign Exchange Control
  • B. Direct Finance Exchange Control
  • C. Duty Free Export Credit
  • D. Duty Free Exchange Credit

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
The Unified Exchange Rate System was introduced in _______.
  • A. 1990
  • B. 1991
  • C. 1993
  • D. 1996

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 TRUE/FALSE Medium
Services traded between economies could include transport, construction services, insurance and financial services etc.
  • A. True
  • B. False

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
The franchiser can expand his distribution system in the least possible time.
  • A. True
  • B. False
  • C. Partly true
  • D. None of the above

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer