A Start-Up Had Developed Technological Expertise in a Particular Area

question 12

Multiple Choice

A start-up had developed technological expertise in a particular area. It entered into an agreement with an established company that provided the start-up with funding and management know-how. This method of acquiring new technology is known as:

• A) licensing.
• B) research partnership.
• C) purchase.
• D) technology trading.
• E) internal development.

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Definitions:

Retirement

The period in life when one chooses to permanently leave the workforce behind, often due to age or health.

Family Decision Making

The process through which family members collectively make choices about consumption-related matters, considering the preferences and needs of all involved.

Joint

A joint typically refers to a point where two bones are connected in the body, but in business context, it could imply a venture undertaken by two or more parties who share ownership and profits.

Spouse-dominant

A decision-making dynamic in households where one spouse predominantly makes the purchasing decisions.