MARKETING (LOOSELEAF)
MARKETING (LOOSELEAF)
20th Edition
ISBN: 9780357495742
Author: Pride
Publisher: CENGAGE L
Question
Book Icon
Chapter 3.1, Problem 2VC
Summary Introduction

Case summary: Technological powers are approaching for fresher and better items, and tech organizations should continually seek after product improvement to contend adequately against one another. Thus, the tech condition has turned out to be exceptionally forceful with firms making a huge effort to secure their patents.

A patent rewards an innovator for another creation or innovation by giving the trend-setter the sole rights to create and sell that item for a long time. As this case illustrates, protected innovation is not generally a simple way to explore, particularly for worldwide organizations who work in nations with various laws.

To discuss: The ways technological factors impact Company SN and Company AL protecting the intellectual property.

Characters in the case: Company SN and Company AL.

Competition is the contention between organizations selling comparative items and services with the objective of accomplishing revenue, profit and market growth share.

Blurred answer
Students have asked these similar questions
Please provide answer
What steps must a business take to implement a program of social responsibility? Provide an example of a business who has done so.
A service that I use often is Apple music, which is a subscription-based music streaming service. It allows users to stream millions of songs from artist all over the world. Apple music targets music enthusiasts who prioritize having access to vast music library and high-quality audio. Apple Music also targets students and young adults who are looking for affordable and on demand music streaming options. I believe the younger adults offer the most capacity for growth because a lot of the music today is created for the younger adults this is why apple music offers a student plan targeting the younger demographic.  Spotify is Apple Music's biggest competitor, and it holds a much greater market share than Apple Music. Apple Music is very appealing to Apple users, so I believe as apple users increase so will the popularity of this service. Propose one primary research opportunity this summary could use to fill in the gaps of this research with justification.
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning