True or False: The licensor compensates the licensee through a variety of means, including royalties and products.

Disable ads (and more) with a membership for a one time $4.99 payment

Prepare for the UCF GEB3375 Exam 3 with engaging flashcards and best strategies. Practice multiple-choice questions with explanatory notes to master international business concepts. Ace your exam and advance your career!

The statement is true. In a licensing agreement, the licensor typically compensates the licensee through various means, primarily including royalties based on sales or usage of the licensed products or intellectual property. Additionally, in some cases, the licensor may also provide products, especially if the license relates to a specific manufacturing or distribution agreement.

Choosing "B. False" would suggest that licensor compensation does not include royalties and products, overlooking the diverse methods licensors can use to compensate licensees. Therefore, the correct understanding of compensation in licensing arrangements relies heavily on the acknowledgment of these multiple approaches.