Perry gives Rachel a phone as a gift. Rachel develops a new app for the phone, obtains intellectual property protection, and forms QuikApps, LLC, to sell it. Rachel's acquisition of the app is by

Question

Perry gives Rachel a phone as a gift. Rachel develops a new app for the phone, obtains intellectual property protection, and forms QuikApps, LLC, to sell it. Rachel's acquisition of the app is by​

Quizplus · Accepted Answer

Rachel's acquisition of the app is by production because she developed the app herself, which means she created it through her own efforts and skills.

Perry Gives Rachel a Phone as a Gift