multiple choice question\nmany fast - food chains have operations in foreign countries because these…

multiple choice question\nmany fast - food chains have operations in foreign countries because these restaurant corporations allow a foreign company to pay a fee to use the name of the fast - food restaurant. the foreign company would also need to pay a share of the profits to the fast - food corporation. what type of situation does this describe?\n○ countertrade\n○ licensing\n○ franchising\n○ joint venture

multiple choice question\nmany fast - food chains have operations in foreign countries because these restaurant corporations allow a foreign company to pay a fee to use the name of the fast - food restaurant. the foreign company would also need to pay a share of the profits to the fast - food corporation. what type of situation does this describe?\n○ countertrade\n○ licensing\n○ franchising\n○ joint venture

Answer

Brief Explanations:

In licensing, a company (licensor) allows another company (licensee) in a foreign country to use its brand name, trademarks, etc. in return for a fee and a share of profits. This exactly matches the described scenario where the fast - food corporation allows a foreign company to use its name and gets a share of profits.

Answer:

B. Licensing