A Statutory Privilege Granted by a Nation to Inventors for a Fixed

question 42

Multiple Choice

A statutory privilege granted by a nation to inventors for a fixed period of years to exclude all others from manufacturing, using, or selling a product without permission from the inventor is a:

• A) copyright.
• B) trademark.
• C) patent.
• D) grant.

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Definitions:

Currency Exchange

The process by which one currency is converted into another, enabling international trade and investment.

Nationalizations

The process by which governments take private assets into public ownership, typically key industries or resources.

Polycentric

An approach in international business where a company gives autonomy to each host country operation to tailor strategies and practices to local conditions.

Geocentric

An approach or viewpoint that considers the earth as the center, often used in the context of international business to describe a strategy that views the world as a potential market with no inherent borders.