Licensing Is ________

question 12

Multiple Choice

Licensing is ________.

• A) the right to sell knockoffs of a product
• B) the right to start a business and run it exactly as the licensor wants it run
• C) the right to operate a business
• D) renting your brand or other intellectual property to increase sales

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Definitions:

Receivables Balance

The cumulative sum of money that customers owe to a business for products supplied or services rendered but not yet compensated for.

Credit Sales

Transactions where goods or services are sold and payment is deferred to a later date, contributing to a company's accounts receivable.

COGS

Cost of Goods Sold; the direct costs associated with the production of goods sold by a company, including materials and labor.

Revenue Forecast

An estimate of the amount of money a company will generate from sales in a future period.