Which of the Following Is a Benefit of Using Patents

question 13

Multiple Choice

Which of the following is a benefit of using patents in organizations?

• A)Organizations can use patents for an upgraded version of a pre-existing patented process.
• B)Organizations can use patents for contents derived from other processes.
• C)Organizations can use patents to keep competitors from entering certain market segments.
• D)Organizations do not have a fixed period to patent a concept.

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Definitions:

Unit of Input

The smallest measure of an input (like labour, materials) used in the production of goods or services.

Complementary Resources

Assets or inputs that are used together with another resource to produce a good or service, enhancing each other's value in the process.

Employment

The condition of having paid work, involving an agreement where someone is paid to perform specific duties.

Output Effect

The change in output quantity that results from a variation in price, affecting producers' supply levels and market equilibrium.