A Multinational Enterprise Wishing to Exploit a Patent May Choose

question 42

True/False

A multinational enterprise wishing to exploit a patent may choose to sell a foreign company the right to use the property rather than entering the foreign market itself. The sale of such rights is licensing.

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Definitions:

Acquire

The act of obtaining something, such as a company purchasing another company, or an individual gaining knowledge or skills.

Distribute

To spread or give out something among a number of recipients.

Change Agent

An individual or entity that acts as a catalyst for organizational change, promoting, facilitating, and managing change within groups or institutions.

Behavioural Science

The field that explores the activities and interactions among human beings, often integrating insights from psychology, sociology, and anthropology to understand human behavior.