Which of the Following Is a Disadvantage of Licensing as a Means

question 9

Multiple Choice

Which of the following is a disadvantage of licensing as a means of acquiring new technology?

• A) It involves high monitoring costs.
• B) The firm does not control or own the unique technology.
• C) It is less economical than internal development.
• D) It is the most time-consuming way to develop new technology.
• E) The firm will need to acquire internal development capabilities.

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Definitions:

Theoretical Approach

A fundamental and systematic set of concepts and ideas proposed to explain phenomena or guide investigation and interpretation.

Important Purpose

Refers to a significant aim or goal that drives actions or strategies, typically resulting in meaningful outcomes.

Theoretical Perspective

A set framework or paradigm for understanding social phenomena, providing a specific viewpoint or lens through which to interpret data.

Religious Fundamentalists

Individuals or groups who adhere strictly to the foundational texts and doctrines of their religion, often with a rejection of modernist interpretations and pluralism.