Licensing refers to

Multiple Choice

offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or fee.

contracting with a foreign firm to manufacture products according to certain specifications.

a foreign country and a local firm investing together to create a local business.

having a company handle its own exports directly without intermediaries.

exporting through an intermediary, which often has the knowledge and means to succeed in selling a firm's product abroad.