"Andrew, we have the lab facilities, the know-how, and the time to implement this new technology through ________. We can then patent it and keep it proprietary, even though it will take additional staff and funding," said Jill Phipps, lab manager, to Andrew Franks, general manager.
A)internal development
B)licensing
C)contracted development
D)franchising
E)research partnership

Question

Quizplus · Accepted Answer

The statement mentions that the company has the lab facilities, know-how and time to implement the new technology, indicating that it is best for the company to develop the technology internally rather than licensing it, contracting its development or partnering in research. The mention of patenting the technology and keeping it proprietary also supports internal development. Franchising is not applicable in this context.

"Andrew, We Have the Lab Facilities, the Know-How, and the Time