A License Is ________

question 33

Multiple Choice

A license is ________.

• A) The right to use a name or image on a product
• B) The right to sell knockoffs of a product
• C) The right to sell duplicates of a product
• D) The right to start a business and run it exactly as the licensor wants it run
• E) The same as a franchise

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Definitions:

Corporate Sponsorships

Financial or in-kind support provided by a corporation to an event, activity, person, or organization, aimed at achieving mutual business and marketing objectives.

Tourism Industry

A broad sector that deals with the services, activities, and experiences associated with people traveling outside their usual environment for leisure, business, or other purposes.

Developing Countries

Nations with a lower living standard, undeveloped industrial base, and low Human Development Index relative to other countries.

Ecotourism

Environmentally responsible travel to natural areas that promote conservation and provide for beneficially active socioeconomic involvement of local peoples.