If an entrepreneur develops a new product, but does not have the time or the funds to manufacture and distribute the product, the entrepreneur could benefit from a
A) copyright.
B) trade secret.
C) licensing arrangement.
D) trademark.

Question

Quizplus · Accepted Answer

A licensing arrangement allows the entrepreneur to grant another company the rights to manufacture and distribute the product, providing a way to earn revenue without needing the time or funds to do it themselves.

If an Entrepreneur Develops a New Product, but Does Not