Business A-Level
licensing and royalties
What licensing and royalties means in Business A-Level, as defined for AQA.
Definition of licensing and royalties
Check what you remember
Read the wording for your board, then hide it and explain licensing and royalties in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Allowing a rival the right to use protected work and collecting royalties without building a factory.
Topics that use licensing and royalties
- Assessing innovation (AQA A-Level)
Related terms
- average rate of return
- benchmarking
- capacity and quality
- competitive pressure
- funding and cash flow
- intrapreneurship
- Kaizen
- managing resistance
Using licensing and royalties in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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