The Transfer of Technology Rights in a Product to Allow

question 26

Multiple Choice

The transfer of technology rights in a product to allow another firm in a foreign country to produce a product in return for royalties or other specified payments is called:

• A) exporting.
• B) licensing.
• C) agency representation.
• D) subsidiary sales.

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Definitions:

Procrastination

The act of delaying or postponing tasks or decisions.

Progress

The process of developing or moving forward towards a more advanced state.

Productivity Advantage

The benefit gained in output or efficiency when individuals, companies, or countries can produce goods or services at lower costs compared to others.

Digital Technology

Electronic tools, systems, devices, and resources that generate, store, or process data, including computers, mobile devices, and the internet.