Busche Copiers has developed and patented a new copy machine.It wishes to penetrate a wider market but is short on funds.It can use licensing arrangement to accomplish this goal.

Question

Quizplus · Accepted Answer

Licensing arrangement allows a company to earn revenue by granting another company the right to use its patented technology, which would enable Busche Copiers to penetrate a wider market without investing additional funds.

Busche Copiers Has Developed and Patented a New Copy Machine