Multiple Choice
The management of Vimonland Theme Park sells the proprietary rights of all the park rides to an investment company to operate one of its franchise in a foreign country.The investment company gains most of the profits from the newly established theme park while paying the management of Vimonland Theme Park a percentage of its revenue as royalties.In this case,Vimonland Theme Park is a _____.
A) licensor
B) buyer for export
C) contract manufacturer
D) licensee
Correct Answer:
Verified
Correct Answer:
Verified
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