Company A wants to use some technology that Company B has developed,so Company A pays Company B a license fee,called a(n):
A) permission fee.
B) royalty.
C) IPR.
D) rights payment.

Question

Quizplus · Accepted Answer

A royalty is a payment made by one company to use another company's technology, brand name, or patented invention. This is a common practice in the business world and allows companies to benefit from the research and development of others without having to make significant investments themselves. The other options (permission fee, IPR, and rights payment) are not commonly used terms in this context.

Company a Wants to Use Some Technology That Company B