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Describe Foreign Licensing and Foreign Franchising

question 8

Essay

Describe foreign licensing and foreign franchising. Explain their benefits and challenges with examples.


Definitions:

Marking to Market

The practice of updating the value of a financial instrument to reflect its current market value.

Delivery

The process of transporting goods from one location to another or the act of handing over possession or control.

Contract Price

The agreed-upon price for goods or services set forth in a contractual agreement.

Futures Contract

A standardized legal agreement to buy or sell a particular commodity or financial asset at a predetermined price at a specified time in the future.

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