Foreign _____ involves a firm buying the rights to produce, promote, and use the domestic firm's trademark/patents in a defined geographical area as long as there is agreement on specific operating procedures.

Answer
a. strategic contracting
b. franchising
c. exporting
d. outsourcing

The answer is B. Franchising Licensing also use a similiar Model.
But The Difference is When you do a Franchising , The company that own the trademark will give as support to aid the franchise.
They also make sure that each branches do not cannibalized each others' profit.
In a Licensing model, the company who own the trademark won't give you any support whatsoever.