in a typical international licensing deal, the licensor puts up most of the capital necessary to get the overseas operation goin

Question

ElenaW [278]

1 year ago

8

in a typical international licensing deal, the licensor puts up most of the capital necessary to get the overseas operation goin

g.

Business

1 answer:

vazorg [7] · Answer 1 · 2024-04-20T21:47:08+03:00

The advantage of licensing is giving permission to trade freely.

<h3 /><h3>What is licensing?</h3>

Licensing can be defined as the permission that the company needs in order to produce the object or manufacture also sell a product in the current market or in a foreign market.

In a normal worldwide licensing agreement, the licensee provides the majority of such funding required to launch the business overseas and earn profit or revenue from there.

As a result, a key benefit of licensing is that it spares the company from the expenses and dangers involved in entering a new market abroad.

Learn more about licensing, here:

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What is the advantage of licensing?