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Licensing enables a foreign licensee to purchase the rights to do the following: a. produce a...

Licensing enables a foreign licensee to purchase the rights to do the following:

a. produce a company's product in the parent company's own country for a negotiated fee.
b. operate under strict guidelines implemented by the parent company concerning manufacturing, marketing, and strategic functions.
c. produce a company's product in the licensee's country for a negotiated fee.
d. exchange technological knowhow to further each company's business.
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Answer #1
Licensing enables a foreign licensee to purchase the rights to produce a company's product in the licensee's country for a negotiated fee.
Licensing refers to the rights granted to a company to produce product in the country providing license after payment of license fee specified in licensing agreement.
Option C is correct
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