A firm has an innovation that has weak patent protection,but its exploitation requires a number of complementary resources that it does not possess.It's best mode of exploiting the innovation is likely to be:
A)Licensing
B)Joint venture
C)Internal commercialization
D)Acquiring a company that does possess the required complementary resources.

Question

Quizplus · Accepted Answer

A joint venture allows the firm to partner with another company that possesses the complementary resources needed to exploit the innovation, while also sharing the risks and rewards. Weak patent protection makes licensing less attractive, and the firm lacks the resources for internal commercialization or to acquire another company.

A Firm Has an Innovation That Has Weak Patent Protection,but