Edu-Tech Inc. Grants a foreign entity the right to produce and sell the firm's online coursework products in return for a royalty fee on every course sold. Edu-Tech Inc. S approach to FDI is called

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29-03-2022
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Edu-Tech Inc. Grants a foreign entity the right to produce and sell the firm's online coursework products in return for a royalty fee on every course sold. Edu-Tech Inc. S approach to FDI is called

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jayilych4real jayilych4real · Answer 1 · 2022-04-06T09:30:35+02:00

The granting of a foreign entity the right to produce and sell the firm's online coursework products in return for a royalty fee on every course sold is known as licensing.

What is Licensing?

This refers to the granting of the right to an alien individual or corporation to reproduce and sell the products of the original entity in return for a fee.

Hence, we can see that because Edu-Tech Inc grants a foreign entity the right to produce and sell the firm's online coursework products in return for a royalty fee on every course sold, this is known as licensing.

Read more about licensing here:
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