A start-up company based in Canada and led by an academic microbiologist has patented genetically-modified,drought-resistant maize particularly suitable to arid regions of Africa.The firm has been unable to attract significant venture capital investment.How should the firm exploit commercial opportunities for its product in Africa?
A)It should form a joint venture with a multinational agricultural seed company
B)It should establish seed production in Canada and set up sales offices in African countries
C)It should establish seed production in Canada and appoint sales agents in different African countries
D)It should license its patent to a multinational agricultural seed company and continue research on other projects for the genetic modification of agricultural crops

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The Answer of A start-up company based in Canada and led by an academic microbiologist has patented genetically-modified,drought-resistant maize particularly suitable to arid regions of Africa.The firm has been unable to attract significant venture capital investment.How should the firm exploit commercial opportunities for its product in Africa?
A)It should form a joint venture with a multinational agricultural seed company
B)It should establish seed production in Canada and set up sales offices in African countries
C)It should establish seed production in Canada and appoint sales agents in different African countries
D)It should license its patent to a multinational agricultural seed company and continue research on other projects for the genetic modification of agricultural crops

A Start-Up Company Based in Canada and Led by an Academic