If a legal monopoly owns the exclusive rights to a good for 20 years, it has a patent for that good.
What do you mean by monopoly?
Monopoly translates to "alone to sell." When there is only one vendor of a given commodity, there is little to no intense rivalry from other sellers. We'll examine the characteristics of a monopoly market in this post.
What do u understand by patent?
An innovator receives a property right known as a patent from a government body. In exchange for full disclosure of the innovation and for a set amount of time, a patent grants the creator exclusive rights to the patented process, design, or invention.
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Answer:
B- The average shearing strength of all rivets manufactured must be between 1001.4 and 1006.2.
Explanation:
The company manufactures rivets and it want to analyze the strength of the rivets manufactured. For this purpose the company has carried out hypothesis testing in which the confidence interval resulted to be 1001.4, 1006.2, this indicates that the average strength of each rivet must be between the two values.
Answer:
E. because forces create pressures or incentives for industry participants (competitors, customers, suppliers) to alter their actions in important ways.
Explanation:
Industries can be described as different manufacturers producing a kind of particular goods or services.
Industry conditions are situations whereby there would be pressure among the compititors or customers in this industry which result to changing of their action in one way or the other which can influence the industry in positive or negative way.
We have different industries such as automobile, mining, food service and others.
Answer:
M1 $1.24 trillion
M2 $4.41 trillion
M1 and M2 money have several definitions, ranging from narrow to broad. M1 = coins and currency in circulation + checkable (demand) deposit + traveler's checks. M2 = M1 + savings deposits + money market funds + certificates of deposit + other time deposits.
Ukraine and its regions have a one-of-a-kind opportunity to benefit from international outsourcing.
- Due to the possibility of positioning in today's market as both a provider of outsourcing services and a customer, Ukraine and its regions have a one-of-a-kind opportunity to benefit from international outsourcing.
- In the first case, this can be accomplished through an appealing ratio of high skills to low wages, as well as a satisfactory level of infrastructure development; in the second case, it can be accomplished by gaining access to cheaper or scarce resources, new technologies, and best business practices, which serves as the foundation for the transition of Ukrainian enterprises to innovative development.
- Given the benefits and opportunities that the customer company receives when using outsourcing, it is an effective way of doing business.
- The innovative outsourcing business model is an important direction of modern business development in the global marketplace.
- Personnel outsourcing is now an effective tool for improving the performance of any enterprise, taking into account the aforementioned benefits and limitations that the customer receives in their application.
- However, outsourcing should not be regarded as a universal tool for resolving enterprise issues and problems, as some tasks cannot be delegated to independent professionals.
- Any enterprise's business strategy must be consistent with the potential risks.
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