A patent is a productive asset for a technology-based firm.

Question

Quizplus · Accepted Answer

A patent provides legal protection for the innovative product or process developed by a technology-based firm, which can prevent competitors from copying or replicating the technology. This can give the firm a competitive advantage in the marketplace, as well as potentially generate revenue through licensing or selling the patent. As such, a patent can be considered a valuable and productive asset for a technology-based firm.

A Patent Is a Productive Asset for a Technology-Based Firm