Examlex
The Boxwood Machining Co. has the following information for last year:
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The partial productivity for metal is:
Licensing
A process where a company allows another to use its intellectual property or technology in exchange for a fee or royalty.
Royalties
A share of the income of a business paid by a franchisee to the franchisor.
Innovation
The act of introducing something new, such as an idea, method, or device, to improve processes, products, or services.
C Corporation
An organizational form for businesses where shareholders, the owners, face taxation independently from the corporation.
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