Under a _____ agreement, one firm permits another to use its intellectual property in exchange for royalty.
a.
personal contract purchase
b.
franchising
c.
hire purchase
d.
licensing
Answer: D
Under a _____ agreement, one firm permits another to use its intellectual property in exchange for royalty.
a.
personal contract purchase
b.
franchising
c.
hire purchase
d.
licensing
Answer: D