Qualcomm, a High-Tech Company Headquartered in San Diego, Owns the Rights

question 55

Multiple Choice

Qualcomm, a high-tech company headquartered in San Diego, owns the rights to several of the key components that permit cell phones to work. Instead of selling cell phones itself, Qualcomm grants permission to many companies, such as Samsung and LG, to use specific forms of its intellectual property in exchange for monetary compensation. Qualcomm in engaging in an external growth strategy referred to as:

• A) licensing
• B) strategic alliances
• C) acquisitions
• D) new product development
• E) joint ventures

---

Definitions:

Supreme Court of Washington

The highest court in the state of Washington, responsible for interpreting the state's constitution and laws.

Binding

A legal term indicating that an agreement, contract, or decision is enforceable by law.

Federal District Court

The general trial courts of the United States federal court system where civil and criminal cases are filed.

State Trial Court

The court that has original jurisdiction over cases in a particular state, dealing with disputes involving state laws.