Eli Lilly has agreed to let a South African company manufacture several of Eli Lilly's diabetes drugs and pay Eli Lilly a fee to distribute the drugs with a different brand name in South Africa. Eli Lilly is engaging in
A. licensing.
B. franchising.
C. countertrading.
D. a strategic alliance.
E. a greenfield venture.
A. licensing.
In licensing, a company allows a foreign company to pay it a fee to make or distribute the first company's product or service.
You might also like to view...
Which of the following features of a contract is excluded from the CISG?
A. the rights of third parties B. the formation of the contract C. the remedies available to the buyer D. the remedies available to the seller
A check is a form of draft that is drawn on a financial institution
Indicate whether the statement is true or false
Peter, Roberts, and Dana have the following capital balances; $80,000, $100,000 and $60,000, respectively. The partners share profits and losses 20%, 40%, and 40% respectively. What is the total partnership capital after Roberts retires receiving $160,000 and using the goodwill method?
A. $290,000. B. $230,000. C. $120,000. D. $176,000. E. $ 80,000.
An attractive and informative website that is easy to use and accessible to customers is a critical component of self-service.
Answer the following statement true (T) or false (F)