A Disadvantage of _____, a Way of Acquiring New Technology

question 1

Multiple Choice

A disadvantage of _____, a way of acquiring new technology, is that it usually requires additional staff and funding for long periods.

• A) licensing
• B) contracted development
• C) purchase
• D) joint venture
• E) internal development

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Definitions:

Output

The amount of products or services that are generated by a company, sector, or nation within a specific timeframe.

Shipping Costs

Expenses associated with the transportation of goods from one location to another, often influencing pricing and supply chain decisions.

Fuel

Substances used to produce energy, especially to power engines, heating, or produce electricity.

Average Total Cost

The average expense for each unit of output, calculated by dividing the overall production cost by the total number of units produced.