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What is one of the biggest differences between a sole proprietorship and a corporation?
Foreign Licensing
A business arrangement where a firm allows another business in a different country to produce and sell its products under its brand in exchange for a fee or royalty.
Contract
A legally binding agreement between two or more parties that outlines obligations and rights.
Distribution
The process by which goods or services are made available to consumers through a supply chain.
Export Management Company
A business that acts as an intermediary between domestic manufacturers and foreign buyers, managing the export process.
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