Question

Which exploitation strategy is best for an innovation depends entirely on whether the innovator prefers to licence out the underlying patent or copyright.

a. true
b. false

Answer 1

The best exploitation strategy for an innovation depends on whether the innovator prefers to license out the underlying patent or copyright. The statement is true.

Step-by-step explanation:

The statement is true. The exploitation strategy that is best for an innovation depends on whether the innovator prefers to license out the underlying patent or copyright. A patent provides exclusive legal rights to the inventor for a limited time, allowing them to make, use, or sell the invention without competition.

On the other hand, copyright law gives authors exclusive rights over works of literature, music, film/video, and pictures. Depending on the innovator's preference, they can choose to license out their patent or copyright to others for monetary gain rather than directly commercializing the innovation themselves.