Having a Patent Is NOT Much Use If a Rival

question 7

True/False

Having a patent is NOT much use if a rival is expert enough to quickly come up with an alternative way to achieve the same thing.

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Definitions:

Direct Competition

Businesses or products that offer similar services or goods targeting the same customer base.

Alternate Solutions

Different options or approaches available to solve a problem or achieve a goal.

Baby Boomers

The generation born between 1946 and 1964.

Consumer Spending

The total amount of money spent by households and individuals on goods and services.