Intellectual property rights are an example of a(n)
A) tangible resource.
B) intangible resource.
C) capability.
D) competitive advantage.

Question

Quizplus · Accepted Answer

Intellectual property rights refer to intangible assets that provide legal protection for creative and innovative works, such as patents, trademarks, and copyrights. These rights can be a valuable source of competitive advantage for firms, as they allow them to prevent others from using or profiting from their intellectual property, which can increase market share and profitability.

Intellectual Property Rights Are an Example of A(n)