Question

The unauthorized use of intellectual property is called a. royalties. b. international franchising. c. foreign licensing. d. counterfeit activity.

Answer 1

Answer:

Option D: Counterfeit activity

Explanation:

Counterfeiting activities refer to the wide range of activities that violate the intellectual property rights of individuals. They range from illegal product duplication to piracy and illegal production and sale of a patented product.

Counterfeiting does not only harm the Intellectual property owner, it also affects the nation.  This is because counterfeiting activities discourage creators from investing time and other resources to create novel products for the market that can boost the economy.

The other options are not correct. They mean the following:

Royalties refer to the sum of money that is paid to patent holders over the use f their products.

International franchising refers to the process of given permission to individuals around the world to operate and do business under your brand name, under strict adherence to certain codes  of conduct

foreign licensing refers to is the agreement between two companies to sell each other's products outside their home country.