Final answer:
Companies can license technology for a fee to use it without having to develop it themselves. This process is cost-effective and common in technology-intensive industries.
Step-by-step explanation:
When companies need technologies that are not easy to buy, they can license the technology for a fee. Licensing allows a company to use technology or intellectual property developed by another entity without having to recreate it themselves. This is a common practice in the business world, especially in industries where technology is a critical asset, as it provides a cost-effective and time-efficient solution for acquiring complex technologies.