QUESTION $20$

Foreign licensing is $$

$$ Required when a business buys and sells products in many countries, either in its own name or as an agent for its buyer$-$seller clients

A government$-$owned or business$-$owned facility set up in a foreign country to buy products that are made there

An agreement in which a licenser gives a licensee in another country the right to use that licenser's patent, trademark, copyright, technology, and products in return for a percentage of the licensee's sales or profits

$1$

Used by one firm $($the carrier$)$ of its overseas distribution network to sell noncompetitive products made by other firms $($riders$)$