The process of buying a license or copyrights to produce any other company's product is called?
Correct answer: A. acquisition
- A. acquisition
- B. repetition
- C. merger
- D. new packaging of product
Explanation
Acquisition includes obtaining another firm’s product rights, such as a license or copyright, so the buyer can produce or market the product. A merger combines companies, while repetition and repackaging do not transfer production rights.
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