Global Village:

By | August 31st, 2014|Management|

The word “Global” came from the word “Globe”. Globe means the earth or world. Global means worldwide. The word “Village” is considered to be a social structure or we can say a specific territory were people live. So, by getting the meaning we can say “Global Village” is a worldwide village. We modern people consider [...]

LICENSING

By | August 6th, 2014|Management|

          A licensing arrangement is an agreement in which the licensing firm grants rights to another firm in another country or market to produce and/or sell a product. The license pays compensation to the licensing firm in return for technical expertise. A contractual arrangement in which the legal owner grants another permission to use intellectual [...]