If a firm or a person secures a patent, then commercial success is assured.

Question

Quizplus · Accepted Answer

Securing a patent does not guarantee commercial success. While a patent provides legal protection and exclusive rights to the invention, commercial success also depends on factors such as market demand, pricing, competition, marketing, and distribution. Companies still need to invest time and resources into research, development, and commercialization efforts to effectively bring the invention to market and generate revenue.

If a Firm or a Person Secures a Patent, Then