To Maintain Returns from Research and Development, Firms

question 233

Multiple Choice

To maintain returns from research and development, firms

• A)sponsor start-ups.
• B)keep trade secrets.
• C)use a fast-second strategy.
• D)advocate creative destruction.

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Definitions:

Rates of Response

The speed or frequency with which an organism responds to a stimuli in behavioral psychology, or the reply frequency in survey research.

Instrumental Conditioning

A method of modifying the intensity of a behavior through the use of either rewards or penalties.

Reinforcement Schedule

A strategy in behavioral psychology that determines how and when a response will be rewarded to encourage certain behavior.

Socializing Agent

Individuals, groups, or institutions that play a significant role in integrating people into society by teaching social norms, values, and beliefs.