A Firm Has an Innovation That Has Weak Patent Protection,but

question 56

Multiple Choice

A firm has an innovation that has weak patent protection,but its exploitation requires a number of complementary resources that it does not possess.It's best mode of exploiting the innovation is likely to be:

• A)Licensing
• B)Joint venture
• C)Internal commercialization
• D)Acquiring a company that does possess the required complementary resources.

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Definitions:

Listening

Monitoring and analyzing conversations and trends on social media and the internet to gather insights.

Campaigns

Organized efforts to achieve specific objectives, often within marketing, political, or social activism contexts.

Customer Messages

Communication from a business to its customers, tailored to meet their needs and inquiries.

Self-Employed

A status where an individual works for themselves, rather than an employer, and is responsible for their own business.