A Start-Up Company Based in Canada and Led by an Academic

question 28

Multiple Choice

A start-up company based in Canada and led by an academic microbiologist has patented genetically-modified,drought-resistant maize particularly suitable to arid regions of Africa.The firm has been unable to attract significant venture capital investment.How should the firm exploit commercial opportunities for its product in Africa?

• A)It should form a joint venture with a multinational agricultural seed company
• B)It should establish seed production in Canada and set up sales offices in African countries
• C)It should establish seed production in Canada and appoint sales agents in different African countries
• D)It should license its patent to a multinational agricultural seed company and continue research on other projects for the genetic modification of agricultural crops

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Definitions:

Interquartile Range

A measure of statistical dispersion, represented by the difference between the 25th and 75th percentiles of a dataset.

Median

The middle value in a dataset when it is arranged in ascending or descending order, or the average of the two middle values if the dataset has an even number of observations.

Extreme Values

Extreme values refer to observations that are significantly higher or lower than the majority of the data in a data set, often leading to skewed analysis results.

Second Quartile

The median of a dataset, representing the 50th percentile or the middle value when the data is ordered.