For each unit produced under the licensing contract,the Hong Kong baker will pay a small fee called ________________ to Finagle-A-Bagel.

Question

Quizplus · Accepted Answer

The small fee paid by the Hong Kong baker for each unit produced is called royalties. Trademark fees are paid for the use of a particular brand name, whereas general licensing fees and copyright fees are not specific to the use of a brand name or product.

For Each Unit Produced Under the Licensing Contract,the Hong Kong