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The present value of a given amount decreases as the number of years over which it is to be discounted also decreases.
Royalties
Payments from the licensee to the licenser consisting of a percentage of what is earned from selling such products and services.
Intellectual Infrastructure
Encompasses the knowledge resources, institutions, and networks that support the creation, dissemination, and utilization of information and innovation.
Technological Factor
Technological factor relates to the impact that advancements and innovations in technology have on a business's operations, strategies, and competitiveness in the marketplace.
Internal Management
The administration and organization of a company's internal affairs, including human resources, operations, and policies.
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