When entering a foreign market Anheuser Busch will contract with a local firm to brew and market the Anheuser Busch product Budweiser This is an example of?

This is an example of a licensing agreement or a strategic partnership. By contracting with a local firm, Anheuser Busch leverages the local company's knowledge of the market while minimizing risks and capital investment associated with entering a foreign market. This approach allows for effective distribution and marketing tailored to local preferences.