Answer:
The answer is d.
Step-by-step explanation:
International licensing enables a licensor company to eliminate the risks associated with opening up a foreign market, including development costs.
It also supplies the licensor company a source of passive income, which can run up for several years. The company is not required to make any investments in the foreign market.
With international licensing, the licensor company is enabled to enter a closed market, jumping the borders and other limitations.
There are also numerous advantages gained by the licensee entity, including access to technology and the elimination of development costs.