An example of licensing is when a. A business in France contracts to produce shirts with the image or an American athlete. b. A company in Brazil contracts to open a KFC restaurant. c. A company in New Zealand produces tires for a tractor manufacturer in Japan. d. A company in the United States contracts to teach CPR to al employees of a national hotel chain.
Business · High School · Thu Feb 04 2021
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The example of licensing among the options provided is:
a. A business in France contracts to produce shirts with the image of an American athlete.
Licensing involves granting permission or rights from one party (the licensor) to another (the licensee) to use intellectual property, such as trademarks, patents or images, in exchange for fees or royalties. In this case the business in France is obtaining a license to use the image of the American athlete on shirts indicating a form of licensing agreement between the two parties.