Answer:
An international licensing agreement allows foreign firms, either exclusively or non-exclusively, to manufacture a proprietor’s product for a fixed term in a specific market. To summarize, in this foreign market entry mode, a licensor in the home country makes limited rights or resources available to the licensee in the host country.
The five major ways of entering a foreign market are exporting, licensing, franchising, forming joint ventures or establishing a wholly owned subsidiary. Licensing is an arrangement in which a company (licensor) sells the right to use intellectual property or produce a company's product to the licensee, for royalty.
The three primary factors that affect a company's choice of international market entry strategy are: Marketing: Companies consider which countries contain their target market and how they would market their product to this segment. Sourcing: Companies choose whether to produce the products, buy them or work with a manufacturer overseas.
License : The legal terms under which a person is allowed to use a product. Suppose Company A, a manufacturer and seller of Baubles, was based in the US and wanted to expand to the Chinese market with an international business license.
thus option C is right
Step-by-step explanation: