Asked by
Mellody Loyola
on Oct 22, 2024
Verified
When Veriol Inc., a pharmaceuticals company, bought the rights of manufacturing and selling Nocturne Pharma's vitamin supplement, Vita Plus, in Mexico, Veriol Inc. engaged in ___.
A) exporting
B) global sourcing
C) franchising
D) insourcing
E) licensing
Licensing
The granting of permission by an authority or company to an individual or another company to engage in a certain activity or to use a certain product.
- Identify the distinctions among multiple forms of international commerce activities such as exports, imports, licenses, franchise agreements, and direct investments.
Verified Answer
CS
Learning Objectives
- Identify the distinctions among multiple forms of international commerce activities such as exports, imports, licenses, franchise agreements, and direct investments.
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