Answer: Licensing
Explanation:
Licensing can be defined as the method of foreign operation in which a company in one country(licensor) agrees to allow a company in another country(licensee) to its manufacturing, processing, trademark, know-how or any other skill.
For example, in Zimbabwe, United Bottlers have the licence to make Coke. In this case, a certain amount will be paid to the coca cola company periodically.
The advantage of adopting the licensing method of entering a new country is that, it involves little expense and involvement. In fact, the only cost incurred is during the signing of the agreement and supervising its implementation.
