The process of acquiring technology from other country is called:

A. Licensing

B. Franchising

C. Technology Transfer

D. Joint Venture

Answer: Option A

Solution(By Examveda Team)

The process of acquiring technology from other country is called Licensing. A business arrangement in which one company gives another company permission to manufacture its product for a specified payment. There are few faster or more profitable ways to grow your business than by licensing patents, trademarks, copyrights, designs, and other intellectual property to others.