Question

When a firm grants licenses internationally, it is giving foreign companies access to its:?

Answer 1

When a firm grants licenses internationally, it is giving foreign companies access to its trademarks, technology and patents. Having your licenses and business become international is a huge gain for most businesses. When items go international, they have a larger market they can sell their products too, but there are also some risk to it as well. Allowing the foreign countries and companies to see how your products work inside and out benefit them while bringing in more profit to the international licensee.