A Firm Has an Innovation That Has Weak Patent Protection,but

question 56

Multiple Choice

A firm has an innovation that has weak patent protection,but its exploitation requires a number of complementary resources that it does not possess.It's best mode of exploiting the innovation is likely to be:

• A)Licensing
• B)Joint venture
• C)Internal commercialization
• D)Acquiring a company that does possess the required complementary resources.

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Definitions:

Commerce Clause

A provision in the U.S. Constitution giving Congress the power to regulate trade among the states and with foreign countries.

Interstate Commerce

Trade, traffic, or transportation involving the crossing of state boundaries or that affects more than one state.

State Statute

A written law passed by a legislative body at the state level, governing matters within the state’s powers.

Enumerated Powers

Specific powers granted to the government or its branches through a constitution.