Question

Under an international agreement, a company grants a foreign company the right to use its brand name and to sell its products or services.

a) Exporting
b) Licensing
c) Joint venture
d) Franchising

Answer 1

Franchising is the correct answer. It allows a company to grant a foreign company the right to use its brand name and sell its products or services.

Step-by-step explanation:

The correct answer is d) Franchising.

Under an international agreement, when a company grants a foreign company the right to use its brand name and sell its products or services, it is known as franchising. Franchising allows a company to expand its business globally by granting licenses to other companies to operate under its brand name and business model.

A well-known example of franchising is McDonald's, which has restaurants in almost every country around the world.