Total Technology Corp. is looking for a simple and cost-effective way of acquiring a commercially available new technology for its present venture. Which of the following methods should the company first consider for the purpose?
A)Licensing the technology.
B)Developing the technology internally.
C)Purchasing the technology.
D)Buying the company that owns the technology.
E)Developing the technology through research partnerships.

Question

Quizplus · Accepted Answer

Most technology already is available in products or processes that can be purchased openly. In most situations, this is the simplest, easiest, and most cost-effective way to acquire new technology.