According to the text,licensing agreements usually stipulate that a royalty of __________ be paid to the licensor.
A)2 to 5 percent of profits
B)2 to 5 percent of sales
C)5 to 7 percent of profits
D)5 to 7 percent of sales
E)8 to 10 percent of sales

Question

Quizplus · Accepted Answer

Licensing agreements typically require a royalty based on sales, not profits, and the range of 2 to 5 percent is a common standard for such agreements.

According to the Text,licensing Agreements Usually Stipulate That a Royalty