When a Firm Perceives Its Technological Advantage to Be Only

question 44

Multiple Choice

When a firm perceives its technological advantage to be only transitory,when it expects rapid imitation of its core technology by competitors,it might want to:

• A)revert to old technologies.
• B)engage in exporting on a large scale.
• C)license its technology as rapidly as possible to foreign firms.
• D)set-up a wholly owned subsidiary.

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Definitions:

Utility

Utility refers to the total satisfaction received from consuming a particular good or service.

Gasoline

A combustible, easily evaporated substance obtained from crude oil, primarily utilized as a propellant in internal combustion engines.

Auto Repairs

Maintenance and repair services for vehicles, focusing on ensuring functionality and safety.

Hours Per Day

The amount of time in hours that is utilized for a specific activity or operation within a 24-hour period.