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.

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Definitions:

Sullivan's Theory

A theory of interpersonal relations and human development formulated by psychiatrist Harry Stack Sullivan, emphasizing the role of interpersonal relationships and social experiences in shaping personality.

Therapeutic Milieu

An environment structured to effect positive change in patients through social interactions with staff and other patients within a clinical setting.

Freudian Theory

A set of psychoanalytic theories developed by Sigmund Freud that emphasizes unconscious motivations and conflicts as drivers of human behavior.

Psychosexual Stage

A concept in Freudian psychology that describes the series of developmental phases children go through, during which the libido is focused on different areas of the body.