Which of the following is an advantage of internal development as a means of acquiring new technology?
A) It is simple to implement and cost-effective.
B) The costs associated with new technology development can be shared by two or more firms.
C) It permits firms to access unique technology for a minimal fee.
D) The technology is proprietary and it provides a competitive edge.
E) It does not require firms to maintain a large staff.

Question

Quizplus · Accepted Answer

Internal development allows firms to develop proprietary technology that provides them with a competitive edge in the market. This technology is developed in-house and is not available to other firms, which gives the inventor firm an advantage over its competition.

Which of the Following Is an Advantage of Internal Development