Punishment Associated with _____ Law May Include Fines And/or Imprisonment

question 2

Multiple Choice

Punishment associated with _____ law may include fines and/or imprisonment.

• A) civil
• B) contract
• C) criminal
• D) tort

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Definitions:

Licensing

A business arrangement where one company gives another company permission to manufacture its product for a specified payment.

Brand Name

The name given to a product or service by a company, which is used to identify and distinguish it from competitors' products or services.

Licensing

A business arrangement where one party (the licensor) allows another (the licensee) to use its intellectual property, brand, or technology in exchange for a fee or royalty.

Global Market Entry

Strategies and methods used by companies to start doing business in new international markets.