Which type of licensing gives the owner exclusive rights to reproduce various works?

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Prepare for the UCF GEB3375 Exam 3 with engaging flashcards and best strategies. Practice multiple-choice questions with explanatory notes to master international business concepts. Ace your exam and advance your career!

The correct answer, copyright licensing, pertains specifically to the rights associated with original works of authorship, including literary, dramatic, musical, and artistic creations. A copyright license grants the owner of the copyright the exclusive rights to reproduce, distribute, perform, and display the work publicly. This exclusive right is fundamental to copyright law, as it helps to protect the intellectual property of creators and enables them to control how their works are used and distributed.

In the context of international business, understanding copyright licensing is essential because it allows companies and individuals to monetize their intellectual property across borders while ensuring legal protection against unauthorized reproduction or distribution. This has significant implications for industries such as publishing, film, music, and software development, where the protection of creative works is critical for economic viability and growth.

The other types of licensing don't grant the same exclusive rights to reproduce works as copyright licensing. Know-how licensing involves the agreement to share specific skills or knowledge rather than artistic creations, while royalty licensing typically relates to payments made to the copyright holder for the use of their intellectual property, rather than the licensing itself. Trademark licensing refers to the permission to use a brand's name or logo, which again does not encompass the reproduction of creative works.