Question

Jake loves science, particularly chemistry. While experimenting with a chemical combination for a school science fair project, he discovered that the concoction removed stains from virtually any fabric or fiber—from carpets to delicate linens. He knew that he had stumbled onto a great invention. He filed paperwork to get the product patented. He didn’t have the capital, equipment, or time to make the product, so he sold a manufacturer the right to produce and distribute the product. The manufacturer paid Jake a percentage of the annual profits

Answer 1

Answer:

Product trade-name franchise

Explanation:

Jake is selling the product and name to a company and they in turn pay him for those rights.