Suppose Apple Computer granted a France company the rights to manufacture keyboards in France in exchange for a royalty fee.This type of arrangement is referred to as a:
A) franchising agreement
B) turnkey project
C) licensing agreement.
D) wholly owned subsidiary
E) joint venture

Question

Quizplus · Accepted Answer

This type of arrangement is referred to as a licensing agreement, where one company grants another company the right to use its intellectual property (in this case, the right to manufacture Apple keyboard) in exchange for a royalty fee.

Suppose Apple Computer Granted a France Company the Rights to Manufacture