It is the right given to firms to produce specific products in exchange for a ________ fee.

Question

Quizplus · Accepted Answer

Licensing is the right given to firms to produce specific products in exchange for a royalty fee. Joint venture refers to a business arrangement where two or more parties come together to undertake a specific project or business activity. Securitization is the process of pooling assets, such as mortgage loans or credit card receivables, and issuing securities backed by these assets to investors. Royalty refers to a payment made by one party to another for the use of an asset, such as intellectual property or natural resources.

It Is the Right Given to Firms to Produce Specific