Offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or fee is referred to as

Offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or fee is referred to as


A. direct exporting.

B. indirect exporting.

C. licensing.

D. contract manufacturing.

E. outside branding.


Answer: C. licensing.


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