_____ offers a fast way for a firm to extend the reach of its technology that is nearly free and offers the potential for royalties.
A) Licensing out a technology
B) Forming a joint venture
C) Solo internal development
D) Vertical integration

Question

Quizplus · Accepted Answer

Licensing out a technology allows a firm to give others the right to use and sell its technology in exchange for royalties or other forms of compensation. This method can provide a way for a firm to quickly and inexpensively extend the reach of its technology without having to invest in additional resources or expertise. Additionally, the potential for royalties can provide a source of recurring revenue for the firm.

_____ Offers a Fast Way for a Firm to Extend