An advantage of internal development as a means of acquiring new technology is that
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 create proprietary technology that gives them a competitive edge over other firms. This can be an advantage in the marketplace as it allows firms to differentiate themselves from their competitors.

An Advantage of Internal Development as a Means of Acquiring