MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Licensing and Franchising

Mutual exchan...

Question

Mutual exchange of knowledge, technology and patent is known as ___________.

A

one man lisencing

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

cross- licensing

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

royalty licencing

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

penalty licensing

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is D cross- licensing
Mutual exchange of knowledge, technology and patent is known as cross-licensing. This usually happens in case of joint ventures or mergers between two companies.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Select the proper option from the options given below and rewrite the sentences.

When both the countries enter into a mutual exchange of technology and patents, it is known as ________.

(a) Licensing
(b) Cross-licensing
(c) Contract Manufacturing

Q. When there is a mutual exchange of technology or knowledge between two firms, it is called.

When there is a mutual exchange of technology or knowledge between two firms, it is called ___

Q. Assertion (A): Knowledge of the history of science and technology helps in understanding the factors that facilitated a scientific discovery and also its chronology.

Reason (R): Scientific discoveries and technological advancement are mutually dependent on each other.

Read the above statements carefully and select the correct option.

Q. When a company refuses to allow other companies to produce patented technology, the consumer invariably loses. The company that holds the patent can charge exorbitant prices because there is no direct competition. When the patent expires, other companies are free to manufacture the technology and prices fall. Companies should therefore allow other manufacturers to license patented technology. The argument above presupposes which of the following?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Modes of Entry

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Licensing and Franchising

Standard XI Business Studies

Join BYJU'S Learning Program

CrossIcon