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Which of the following is an example of licensing? Multiple Choice When a company develops a strategic plan for another organization. When a company pays a competitor a fee to stop the competitor from selling its products in the company’s territory. When a company allows a foreign company to pay it a fee to make or distribute the first company’s product or service. K Prev2 of 20 Next>
Expert Answer
Answer: – Option “C” — when a company allows a foreign company to pay it a fee to make or distribute the first company’s product or service.
Explanation: – Licensing is nothing but getting permission to perform a certain task that may relate to distribution of products or services by a foreign company. We can simply say that a company allows a foreign company to pay it a fee to make or distribute the first company’s product or service.
