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:

Psychological Triad

The combination of thoughts, feelings, and behaviors that constitute an individual's psychological functioning.

Rigorous Methods

Strict and precise techniques or procedures applied in research or study to ensure validity and reliability.

Phenomenological

Relating to or concerning the direct subjective experience of phenomena, without any attempt to interpret or infer causality.

Psychoanalytic

Pertaining to psychoanalysis, a therapeutic approach emphasizing the exploration of the unconscious mind to treat psychological distress.