In a Manufacturing Setting, the Purchase of the Right to Use

question 7

Short Answer

In a manufacturing setting, the purchase of the right to use another firm's proprietary technology is referred to as:
a. Direct exporting.
b. Licensing.
c. Franchising.
d. Exporting.
e. Importing.

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Definitions:

Punitive Damages

Financial compensation awarded to a plaintiff to punish the defendant for egregious misconduct and dissuade similar future behavior.

Intentional

Done with purpose or deliberation; not accidental or unintentional.

Outrageous

Describes actions or behaviors that are shocking, extreme, and exceed the bounds of decency in a societal context.

Law of Torts

A branch of civil law that deals with legal liabilities, obligations, and damages arising from wrongful acts not involving contracts.