Which of the following can be best defined as a trade agreement in which one company allows another company to use its company name,products,patents,brands,trademarks,raw materials,and/or production processes in exchange for a fee or royalty?

Question

Quizplus · Accepted Answer

Licensing is the correct term for a trade agreement where one company permits another to use its name, products, patents, brands, trademarks, raw materials, and production processes in return for a fee or royalty.

Which of the Following Can Be Best Defined as a Trade