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2 years ago

To generate ideas for new products, some firms will purchase the rights to use another firm's technology. This is known as\

Business

1 answer:

yKpoI14uk [10]2 years ago

5 0

The purchase of the rights to use another firm's technology in the scenario is known as outsourcing.

<h3>What is outsourcing?</h3>

It should be noted that outsourcing simply means the agreement in which a company hires another company in order to be responsible for certain activities.

In this case, this experienced when the firms purchase the rights to use another firm's technology.

Learn more about outsourcing on:

brainly.com/question/4456416

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Kazeer [188]

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