For each unit produced under the licensing contract, the Hong Kong baker will pay _____ to Finagle-A-Bagel.
A) trademark fees
B) royalties
C) general licensing fees
D) copyright fees

Question

Quizplus · Accepted Answer

Royalties are payments made by the licensee (in this case, the Hong Kong baker) to the licensor (Finagle-A-Bagel) for the right to use the licensed product, trademark, or technology.

For Each Unit Produced Under the Licensing Contract, the Hong