Once a licensing agreement is agreed to, the licensee pays a(n) _____ in return.
A) interest
B) royalty
C) remuneration
D) tariff
E) reward

Name: Once a licensing agreement is agreed to, the licensee pays a(n) _____ in return. A) interest B) royalty C) remuneration D) tariff E) reward
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Question

Quizplus · Accepted Answer

Licensing is an arrangement whereby a firm allows another company to use its brand name, trademark, technology, patent, copyright, or other assets. In return, the licensee pays a royalty, usually based on sales.

Once a Licensing Agreement Is Agreed To, the Licensee Pays