Which of the Following Is an Advantage of Internal Development

question 55

Multiple Choice

Which of the following is an advantage of internal development as a means of acquiring new technology?

• A) It is simple to implement and cost-effective.
• B) The costs associated with new technology development can be shared by two or more firms.
• C) It permits firms to access unique technology for a minimal fee.
• D) The technology is proprietary and it provides a competitive edge.
• E) It does not require firms to maintain a large staff.

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Definitions:

Positive Details

Specific pieces of information that reflect well on someone or something, enhancing its image or perception.

Negative Details

Pertains to the facets of information or aspects that are pessimistic or undesirable in nature.

Psychology Study

Academic research aiming to understand, explain, and predict behaviors, emotions, and thoughts through scientific methods.

Reconstructive Process

The way memory is modified during recall, influenced by current knowledge, experiences, and expectations, rather than being a perfect replay of events.