Answer:
Berry, a fruit juice company, uses a well-known cartoon character to promote the company's line of children's products and pays the creator of the cartoon character a fee.
Step-by-step explanation:
Licencing is referred to as the use of a well known symbol or brand to promote ones own sales. There are several kinds of licencing in the business world for example patents and etc.
In the above example. using a well known cartoon character to promote the company's line of children's products and pays the creator of the cartoon character a fee comes under the licensing category.