Allowing a foreign organization to take charge of manufacturing and distributing a product in its country or world region in return for a negotiated fee is ______.

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02-06-2022
Business

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Allowing a foreign organization to take charge of manufacturing and distributing a product in its country or world region in return for a negotiated fee is ______.

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nikitavidya0 nikitavidya0 · Answer 1 · 2022-06-15T12:13:06+02:00

Allowing a foreign organization to take charge of manufacturing and distributing a product in its country or world region in return for a negotiated fee is called Licensing.

What is Organization?

Organization refers to the group of the people working together in order to achieve the common goal. The common goal of every organization is the profit maximization.

For an Organization to open its business in the foreign nation it has to obtain the license of the foreign nation to do business.

Without obtaining the license the company cannot develop its manufacturing units or its branch and distribute the product in the foreign markets.

Thus it is important to have license by giving the negotiating fees to the foreign government.

Learn more about license here:

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