Question

A company is licensing its products when it Multiple Choice develops a strategic plan for another organization. allows a foreign company to pay it a fee to make or distribute the first company’s product or service. barters goods for goods in lieu of a monetary payment. pays a competitor a fee to stop the competitor from selling its products in the company’s territory. allows another company to pay it a fee to train its employees.

Answer 1

A company is licensing its products when it allows a foreign company to pay it a fee to make or distribute the first company’s product or service.

Step-by-step explanation:

Licensing is a phenomenon which refers to the attainment of permission from a company, the licensor, to be able to produce and sell their products in their own market area.

If the company agrees to this, the lisencee usually requires for the manufacturer to pay a royalty fee to the original owner of the product in exchange for letting them use their products and brand name and etc.