Which of the following is true of innovation? a. Innovations are less likely to come from small businesses than from big businesses. b. All successful software firms started out as large organizations. c. All successful new start-ups are innovative dot-com companies. d. Small businesses supply over half of all innovations in the U. S. marketplace each year.

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Business

Lauren Lester

31 May, 17:43

Which of the following is true of innovation? a. Innovations are less likely to come from small businesses than from big businesses. b. All successful software firms started out as large organizations. c. All successful new start-ups are innovative dot-com companies. d. Small businesses supply over half of all innovations in the U. S. marketplace each year.

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Payten Cherry · Answer 1

The correct answer is d. Small businesses supply over half of all innovations in the U. S. marketplace each year.

Explanation:

The Patent System (SP) is an incentive scheme to boost the process of invention-technological innovation. The primary objective of a SP is that it has the capacity to protect innovators with the purpose of increasing the technical progress of the economy, but that, at the same time, it is efficient in spreading these innovations in order to boost economic development.

It is generally believed that small companies make little use of the patent system because they find it complicated and difficult; Some even think they don't even exist. However, studies show that "less relevant" companies were more active in developing emerging technologies than expected.

In this sense, it was shown that companies with less than 25 employees promoted more patents than companies that housed 50 workers who, in turn, developed a greater number of patents than companies with 100 employees, and so on.