As a strategy for reaching global markets, licensing provides the licensor with several advantages. One advantage is . Multiple Choice there are very few contractual agreements between the two parties, so the licensee is free to sell proprietary technologies originally owned by the licensor at its discretion. licensing helps avoid patent infringement. the cost of producing and marketing the product in a foreign market is significantly reduced. once the licensing agreement is signed, the licensor has no obligation to customers for the quality of the product they receive.

the cost of producing and marketing the product in a foreign market is significantly reduced.

Explanation:

Licensing means the strategy of allowing the permission to a foreign company for generating and sell the product or service. In return the foreign company paid the royalties that comprise of the revenue percentage or the profits. So here the advantage should be that the production  & selling cost should be decreased as the licensee cover these types of expenses

Therefore the above statement should be relevant

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explanation:

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