Total Technology Corp

question 2

Multiple Choice

Total Technology Corp. is looking for a simple and cost-effective way of acquiring a commercially available new technology for its present venture. Which of the following methods should the company first consider for the purpose?

• A)Licensing the technology.
• B)Developing the technology internally.
• C)Purchasing the technology.
• D)Buying the company that owns the technology.
• E)Developing the technology through research partnerships.

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Definitions:

Flexibility

The willingness or ability to change or adapt according to different circumstances or requirements.

Exercising Capabilities

The act of using one's skills, abilities, or powers to their fullest potential, often for achieving specific tasks or objectives.

External Influences

Factors outside of an individual that affect their attitudes, decisions, and behaviors, including cultural, social, and environmental forces.

Profit Sharing

A business strategy where employees receive a share of the company's profits in addition to their regular salary.