_____ Refers to the Granting of Permission by One Party

question 80

Multiple Choice

_____ refers to the granting of permission by one party to another party to use intellectual property rights, such as trademarks, patents, brand names, or technology, to a foreign company under defined conditions along with providing a bundle of services and products.

• A)Joint venture
• B)Licensing
• C)Leasing
• D)Acquisition
• E)Franchising

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Definitions:

Continental Slope

The steep slope where the continental shelf drops down to the deep ocean floor.

Continents Position

Refers to the geographical location of the Earth's continents, which can change over geological time due to the process of continental drift.

Ocean Basins

Large depressions on the Earth's surface that are filled with ocean water, forming the basic divisions of the world's oceans.

Coral Reefs

Marine structures made of the calcium carbonate skeletons of coral organisms, which are home to diverse ecosystems and protect coastlines from erosion.