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think of a business and explain briefy why you choose this business
Licensing occurs when a licensee obtains permission from a licensor to produce and sell its product or products within a certain market. Referred to as the licensee, the party that obtains the rights to sell the product is usually required to pay the licensor a royalty fee.
Step-by-step explanation:
explain why I choose this business
It helps the licensee to differentiate the product from other products offered by the competitors in the market.
Think of a business and explain briefy why you choose this business.
If I will be given a chance to think of a business that would be opening a unique restaurant. This will reduce the competitors as well as open up new food ideas. Since my business isn't common, I can be the moon in the night sky. It means that I can clearly be seen and a lot of people will be curious try out my recipes.
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