Licensing is ________. Select one: a. the right to sell knockoffs of a product b. the...
Licensing is ________.
Select one:
a. the right to sell knockoffs of a product
b. the right to start a business and run it exactly as the licensor wants it run
c. the right to operate a business
d. renting your brand or other intellectual property to increase sales
F/IO Q3
Homework Answers
Licensing is Renting your brand or other intellectual property to increase sells.
Two parties will be involved Licensor and licensee. Licensor will get royalty fee in return for granting license.
So Option 'D' is correct
Add Answer to:
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Which of the following can create monopolies? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. ? Scarce resources ? Government intervention 7 Economies of scale ? Aggressive business tactics Governments create monopolies through intellectual property rights such as patents and copyrights because: Othey want firms to make profits. they do not understand the losses due to monopoly. they do not...
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