An independent research laboratory entered into an agreement with a multinational agricultural company to develop a new variety of hybrid seeds for cold climates. In return, the agricultural company would fund the research. This method of acquiring new technology is known as
A) state funding.
B) internal development.
C) technology trading.
D) licensing.
E) contracted development.

Question

Quizplus · Accepted Answer

The method of acquiring new technology described in the scenario is contracted development, where an agreement is made between two organizations for the development of a new technology in exchange for funding from one of the parties.

An Independent Research Laboratory Entered into an Agreement with a Multinational