During the final phase of the product development cycle, an entrepreneur must decide whether to
A) license the technology to another company to develop it into applications.
B) sell the technology.
C) joint venture with another company that has the resources that the entrepreneur needs.
D) start a business to make and distribute the product.
E) All of these are correct.

Question

Quizplus · Accepted Answer

During the final phase of the product development cycle, an entrepreneur has several options for bringing their product to market, including licensing the technology, selling the technology, entering into a joint venture, or starting a business to manufacture and distribute the product. Each of these options can be a viable path depending on the entrepreneur's resources, goals, and the nature of the product.

During the Final Phase of the Product Development Cycle, an Entrepreneur