Question

Sodiaal is a French cooperative that owns the name, the trade secrets, and the patents on Yoplait yogurt. Before it purchased a controlling stake in Yoplait S.A.S. in 2011, General Mills paid Sodiaal for the right to sell Yoplait yogurt in the United States. This is an example of__________.A. licensing.B. a strategic alliance.C. exporting.D. a global joint venture.E. direct investment.

Answer 1

Answer: Option A

Explanation: In simple words, licensing refers to an official permit or authorization to do, use, or own something . A license may be given as a component of an agreement between certain groups by a party to some other party. A short-term license definition is "permission to use licensed content.

In general, regulators can issue a license to permit an operation that would otherwise be prohibited. It may involve a charge to be charged or a skill to be proven.

The provision may also serve to protect the authorities aware of a type of activity and provide them with the opportunity to establish terms and restrictions.