If a Firm Develops a New Product and Applies for a Patent

question 40

Multiple Choice

If a firm develops a new product and applies for a patent to protect themselves from others building the same product,the firm is following which strategy?

• A)Locking in customers
• B)Building switching costs
• C)Creating alliances
• D)Raising barriers to entry

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Definitions:

Correlated

When two or more variables are related in some manner, indicating a statistical relationship.

Ambivalence

The state of having mixed feelings or contradictory ideas about something or someone.

Attitude And Behaviour

Refers to the connection between one's personal feelings or beliefs (attitude) and the way one acts or reacts (behaviour).

Situational Norms

Socially accepted behaviors that vary depending on context and environment.