A start-up had developed technological expertise in a particular area. It entered into an agreement with an established company that provided the start-up with funding and management know-how. This method of acquiring new technology is known as:
A) licensing.
B) research partnership.
C) purchase.
D) technology trading.
E) internal development.

Question

Quizplus · Accepted Answer

Research partnerships are arrangements for jointly pursuing specific new technology development. Typically each member contributes a different set of skills or resources, as when an established company contributes money and management know-how, and a start-up contributes technological expertise.

A Start-Up Had Developed Technological Expertise in a Particular Area