A Popular Sports Company Grants a License to People Who

question 82

Multiple Choice

A popular sports company grants a license to people who use their logo on T-shirts and caps.They charge the company for the rights to use the logo.This is an example of which of the following revenue models?

• A)advertising revenue model
• B)intermediation revenue model
• C)licensing revenue model
• D)razor-and-razor-blades model

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Definitions:

Function Of Money

Refers to the main roles of money in an economy, which include being a medium of exchange, a unit of account, a store of value, and sometimes, a standard of deferred payment.

Functions Of Money

Money serves as a medium of exchange, a measure of value, a standard of deferred payment, and a store of wealth.

President

The elected head of a republican state or the executive leader of an organization, company, club, or other governing body.

New York Fed

A key component of the Federal Reserve System, responsible for regulating and implementing monetary policy in the Federal Reserve District of New York.