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Question
Licensing refers toA. offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or fee.
B. contracting with a foreign firm to manufacture products according to certain specifications.
C. when a foreign country and a local firm invest together to create a local business.
D. having a company handle its own exports directly without intermediaries.
E. exporting through an intermediary, which often has the knowledge and means to succeed in selling a firm's product abroad.
Answer
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