What Impact Will Patents Have on a Business with Respect

question 76

Multiple Choice

What impact will patents have on a business with respect to Porter's five forces?

• A) Patents will result in increased market competition.
• B) Patents will result in increased rivalry within an industry.
• C) Patents will result in reduced threat of new entrants.
• D) Patents will result in increased bargaining power of buyers.

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Definitions:

Substantive Issues

Major or essential matters that are at the core of a discussion, negotiation, or debate, concerning the actual subject matter.

Distributive Unfairness

Distributive unfairness occurs when resources or outcomes are distributed in a manner that is perceived as unequal or unjust among the involved parties.

Procedural Unfairness

A perception of injustice resulting from the processes and methods used in decision-making or dispute resolution.

Satisfaction

The feeling of contentment or fulfillment resulting from achieving one's desires, expectations, or needs.