Few Innovative Ideas Prove to Be Profitable Because Of

question 80

Multiple Choice

Few innovative ideas prove to be profitable because of:

• A) Low development costs
• B) Low pre-marketing costs
• C) High research costs
• D) High post-marketing costs

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Definitions:

Ultra Vires

Acts conducted by a corporation that lie beyond the powers conferred to it by its corporate charter or the law.

Legal Authority

The lawful right or power to make decisions, enforce laws, or administer justice within a given jurisdiction.

Domestic Corporation

A corporation that is registered and operates in the same country in which it was incorporated, adhering to the legal and regulatory standards of that country.

Incorporated

Refers to the process of legally declaring a business as a separate legal entity, distinct from its owners, with rights to own property and sue or be sued.