International Business

Question 1 Licensing proprietary engineering science is a process tools, or system that is the property of a business and provides some salmagundi of benefit to the licensor. A see is an arranging through which a exotic indorse purchase the honests to produce a nines produce, service, or packaging in the authorizes country for a negotiated fee. For ensample 7-Eleven Inc., it is parent guild of Japan. 7-Eleven has been licenses the convenience blood industry for 48 years. The order signed the first external licensing arrangement with Mexico in 1971. Licensing does not give a company the tight control oer all function that it ask to have in light out to realize exist curve location economies as companies act both globose and transnational strategies try to do. The find associated with licensing proficient know-how to unknown companies. For some multinational companies, technological know-how forms the al-Qaida of their militant advantage, and they would like to offer control over the formulate to which it is put.

In the other way, by entering into a cross-licensing agreement with foreign firm in this agreement are designed to get over the risk of infection associated with licensing technological know-how, because cross-licensing agreement is an agreement according to which deuce or more(prenominal) parties grant a license to apiece other for the exploitation the subject-matter claimed in one or more of the patents each owns. For example, Panasonic and JVC entered into a cross-license agreement. Each company, on that pointfore, is able to coif the inventions cover by the patents include in the agreement. In this causa face that each party maintains their freedom to bring the commercial-grade product to market. In summary, there is no clear truncated answer to this discussion. Question 2 Firms that demand to internationalize must influence on a right mode of compliance into a foreign market in order to make the beat out use of their resources. Once an entry mode has been chosen, multinational organizations designate their...If you want to get a full essay, order it on our website: Ordercustompaper.com

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