The payment of a fee to have products and services delivered on a recurring schedule is called:

• A. A retainer
• B. A subscription
• C. A commission
• D. A royalty

Answer: (B)

Verified step by step guidance

1. Understand the definitions of the terms provided in the options: Retainer, Subscription, Commission, and Royalty.
2. A retainer is a fee paid in advance for services, often to secure the availability of a professional or service provider.
3. A subscription is a recurring payment made to access products or services on a regular schedule, such as monthly or annually.
4. A commission is a fee paid to an individual or entity based on a percentage of sales or transactions they facilitate.
5. A royalty is a payment made to the owner of intellectual property or natural resources for the use of their assets, typically calculated as a percentage of revenue or units sold.