The Manager of Steel Works Learns of a New Technological

question 68

Multiple Choice

The manager of Steel Works learns of a new technological interdependency between the intermediate stage and the final stage of production. If Steel Works currently contracts with another firm for the final stage of production, which of the following is true?

• A)The manager has more of an incentive to integrate backward.
• B)The manager has more of an incentive to integrate forward.
• C)The manager has less of an incentive to integrate forward.
• D)The manager has less of an incentive to integrate backward.

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Definitions:

Computer Program

A set of instructions designed to perform a specific task when executed by a computer.

Copyrighted

A legal term denoting the exclusive right granted to the creator of an original work, including the right to copy, distribute, and adapt the work.

Patenting

The process of obtaining a patent, which is an exclusive right granted for an invention, allowing the patent holder to exclude others from making, using, or selling the invention.

Industrial Design Act

Legislation governing the protection of the visual design of objects that are not purely utilitarian, ensuring creators have exclusive rights to their designs.