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:

Dissolution

The process of formally ending or closing down a business or partnership.

Existing Contracts

Agreements that are currently in effect and have been established or agreed upon in the past between parties.

Compete

To strive for achieving something such as a prize or superiority, often through comparison or rivalry.

Coastal Area

A region that lies on the land along the sea or ocean, often characterized by unique ecosystems and biodiversity.