--%>

Explain International Licensee

International Licensee: It is the contractual agreement among two business entities in which the licensor allows the licensee to utilize a brand name, patent, or other proprietary right, in exchange for a royalty or fee. Licensing facilitates the licensor to gain from the skills, expansion capital, or another capacity of the licensee. Licensing is frequently employed by manufacturers to enter foreign markets in which they contain no expertise. The creators of admired comic strip and movie characters frequently license the utilization of a character's likeness to manufacturers of lunch boxes, toys, clothing, and other children's products. The popularity or expertise of the character aids or else undistinguished products to stand out from their contestants. The licensee advantages from the name recognition and originality of the licensor. Licensing fees varies from 5%-25% of the wholesale price.

   Related Questions in Biology

  • Q : Is mRNA molecule codifies only one type

    Is mRNA molecule codifies only one type of the protein?

  • Q : Explanation of anoxia Give a brief

    Give a brief explanation of the term anoxia.

  • Q : Copulation of the female animal

    Explain, how does male animal realize that female is receptive for the copulation?

  • Q : How are poriferans classified Regarding

    Regarding digestion how are poriferans classified?

  • Q : Define Organizational learning

    Organizational learning: Through the help of decision making and ideas implementing, organization is able to create and maintain a focus on change and innovation thus also is able to maintain the change. This improves the efficiency of the organizatio

  • Q : Alderfers ERG Theory - Motivation -

    The most popular extension and refinement of Maslow's theory of needs is the one proposed by alderfer (1972). While Maslow's model was not developed specifically for work organizations, alderfer's theory attempted to establish a conceptualization of human needs that are relevant to organizational

  • Q : Define Corporate Image Corporate Image:

    Corporate Image: A corporate image is the perception which the general public holds regarding a specific business. Most of the companies invest a huge deal of time and other resources in an attempt to persuade the opinion which consumers hold regardin

  • Q : Departmental by products Departmental

    Departmental by products Under this method, for the each product manufactured by the enterprise, there is a separate department to look after its production, sales a

  • Q : Describe the deplasmolysis of plant

    Describe the deplasmolysis of plant cells?

  • Q : Autotrophic beings-organic

    Write down the processes which autotrophic beings employ to produce organic material from inorganic substances?