Question

Greyer Co. manufactures surgical instruments. Systems Medico establishes a contractual arrangement with Greyer Co., according to which the firm can use Greyer manufacturing methods and management structure to produce and sell surgical instruments. Systems Medico must pay a yearly fee to Greyer Co.

a) licensor
b) contract manufacturer
c) licensee
d) intrapreneur

Answer 1

c) licensee

Step-by-step explanation:

Licensee is the term which can be used for Systems Medico in this scenario.