ENTREPRENEURSHIP

Detailed explanation-1: -Licensing: A business arrangement in which one company gives another company permission to manufacture its product for a specified payment. License: The legal terms under which a person is allowed to use a product.

Detailed explanation-2: -Under FSSAI, the license or registration is divided into three categories namely: FSSAI Central License. FSSAI State License. FSSAI State Registration.

Detailed explanation-3: -Franchise: The authorization granted by a company to sell or distribute its goods or services in a certain area.

Detailed explanation-4: -International licensing (foreign licensing) is defined as the process of granting a company the right to manufacture, market, and sell another company’s products in a foreign country. This type of international licensing agreement is between two companies that are based in different countries.

Detailed explanation-5: -Licensing involves obtaining permission from a company (licensor) to manufacture and sell one or more of its products within a defined market area.