The Main Advantage of Licensing as a Means of Exploiting

question 9

True/False

The main advantage of licensing as a means of exploiting an innovation is that the innovator can profit from the innovation without the need to invest in the complementary resources and capabilities required for commercialization

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Definitions:

Social Construction

A concept or perception of reality influenced and constructed by societal norms and interactions.

Microsystem

A concept in ecology and environmental science referring to the smallest unit of a habitat where organisms interact with each other and their environment.

Heritage

The traditions, practices, and beliefs handed down from previous generations, often forming part of a person's cultural identity.