The revenue model associated with giving permission to other parties to use protected intellectual property in exchange for fees is called:
A)fee revenue model
B)licensing revenue model
C)intellectual property model
D)intermediation model

Question

Quizplus · Accepted Answer

The revenue model associated with giving permission to other parties to use protected intellectual property in exchange for fees is known as licensing revenue model. This model involves allowing another party to use a company's intellectual property such as patents, trademarks, copyrights, or proprietary technology for a specified period and in a specific way in exchange for a fee or a royalty.

The Revenue Model Associated with Giving Permission to Other Parties