A Company May Seek to Patent an Invention Even If

question 38

Multiple Choice

A company may seek to patent an invention even if it has no intentions of commercializing it.Which of the following is not an important reason for such strategic patenting?

• A)To block competitors' opportunities for innovation
• B)To generate licensing revenue
• C)To increase the company's bargaining power when negotiating cross-licensing deals with other companies
• D)To enhance the individual reputations of the company's leading scientists and technologists

Understand the concept and types of synergy and their implications for businesses.

Comprehend Porter's Generic Strategies and the variables of competitive advantage and scope.

Recognize the importance of brand loyalty and image in cost-leadership and differentiation strategies.

Identify examples of companies employing cost leadership and differentiation strategies.

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Definitions:

Rental Rates

The cost associated with leasing or renting property, equipment, or other assets, usually expressed as a price per time period.

Long Run

is a period in economics where all inputs can be adjusted, and no fixed costs or constraints limit production adjustments.

Government Subsidy

Financial assistance provided by the government to individuals, organizations, or industries to support activities beneficial to the public or promote certain economic outcomes.

Supply Curve

A graphical representation that shows the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing to produce and sell.