________ is the agreement that gives a company the right to use another's brand name.
Understand the Problem
The question is asking about the type of agreement that allows one company to use another's brand name, and it provides multiple-choice options to choose from.
Answer
Licensing
The correct answer is licensing.
Answer for screen readers
The correct answer is licensing.
More Information
Licensing agreements allow one company to use another company's brand name, logo, or design in exchange for fees or royalties.
Tips
Confusing licensing with sponsorship or endorsement, which involve payments for brand promotion but do not grant ownership rights.
Sources
- Brand Licensing - Shopify - shopify.com
- Licensing Involving Brand Name Usage - Study.com - homework.study.com
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