INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Transferring the venture to family members
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An offer of shares to the public
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Allowing employees to buy the venture
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Giving another company the permission to produce the product
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Detailed explanation-1: -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-2: -Software licensing strategy involves the decision-making process and implementation of rules or policies for protecting the intellectual property of a software developer.
Detailed explanation-3: -An Exclusive Licence means that no person or company other than the named licensee can exploit the relevant intellectual property rights. Importantly, the licensor is also excluded from exploiting the intellectual property rights.