The Main Advantage of Licensing as a Strategy to Exploit

question 61

Multiple Choice

The main advantage of licensing as a strategy to exploit innovation is

• A)it requires little involvement in complementary resources by the innovator.
• B)it's a way to operate as a virtual company.
• C)it saves on costs, so is vastly more profitable for the innovator.
• D)it's always successful and highly profitable.

---

Definitions:

Agricultural Diversification

The practice of growing a variety of crops or engaging in different agricultural activities to reduce risk and increase sustainability in farming.

Crop-Lien System

A credit system widely used in the Southern United States after the Civil War, where farmers used their crops as collateral for loans, leading to cycles of debt and poverty.

Southern Farmers

Generally refers to agricultural workers and landowners in the Southern United States, historically dependent on crops like cotton and tobacco, and deeply affected by the Civil War and subsequent economic changes.

Hatch Act

A U.S. federal law enacted in 1939 that restricts the political activities of government employees in order to ensure the neutrality of the public service.