Examlex
Which one of the following terms refers to the best option that was foregone when a particular investment is selected?
Licensing
A trade agreement in which one company—the licensor—allows another company—the licensee—to use its company name, products, patents, brands, trade marks, raw materials, and/or production processes in exchange for a fee or royalty.
International Marketplace
A global economic environment that enables companies to buy and sell goods and services across national borders, subject to regulations and policies of the involved countries.
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