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Describe the Process of Foreign Licensing and Foreign Franchising

question 160

Essay

Describe the process of foreign licensing and foreign franchising. How are they similar and different? Give an example of at least one company for each.

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Definitions:

Trade Deficits

A situation in which a country's imports of goods and services exceed its exports, leading to more money flowing out of the country than coming in.

World's Largest Exporter

The country or entity that sells the largest amount of goods to foreign countries, measured by value.

Exports

Merchandise or services originating from one country and sold to purchasers in another country.

World Bank

A global financial organization that offers loans and grants to the governments of less wealthy nations to support their capital projects.

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