Ask Question
BusinessBusiness
28 January, 07:19

Charles Goodyear decided to license his patented vulcanization process to capture value from his innovation, instead of selling the products on his own. Do you think this is rational? Why or why not?

+3
Answers (1)
  1. 28 January, 08:05
    0
    The action is rational.

    Explanation:

    The action is rational because by licensing his patent, he is able to potentially obtain more money from the sale of licenses, than from the patent itself, or from the sales he could have made himself.

    Charles Goodyear is probably able to reach more customers, which mean more licenses, which mean more money, by licensing the vulcanization process.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Charles Goodyear decided to license his patented vulcanization process to capture value from his innovation, instead of selling the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is a federal and/or state tax on specific goods like gasoline, tires, airfare, or cigarettes?
Answers (1)
Drag each tile to the correct location. Match each scenario to the appropriate form of business communication. Arty wants to talk with a coworker about providing support for another coworker.
Answers (1)
What advantage do gain from buying a vehicle rather than leasing it
Answers (1)
The financial statement that organizes costs by their behavior instead of by their function is the
Answers (1)
How would you expect an increase in the price of a good to affect its demand curve?
Answers (1)
New Questions in Business
Property taxes and fines represent which of the following classes of nonexchange transactions for government units? Group of answer choices Government-mandated nonexchange transactions.
Answers (1)
You want to go to Europe 5 years from now, and you can save $3,100 per year, beginning one year from today. You plan to deposit the funds in a mutual fund which you expect to return 8.5% per year.
Answers (1)
Pacific Packaging's ROE last year was only 6%; but its management has developed a new operating plan that calls for a debt-to-capital ratio of 40%, which will result in annual interest charges of $336,000.
Answers (1)
Joe has $100,000 in an investment account. He is looking to retire in 12 years. He needs a minimum of $240,000 in order to retire. What rate of return does Joe need to make on his investment in order to be able to retire?
Answers (1)
Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $160 per share. The firm's total market value was unchanged by the split.
Answers (1)
Home » Business » Charles Goodyear decided to license his patented vulcanization process to capture value from his innovation, instead of selling the products on his own. Do you think this is rational? Why or why not?
Sign Up Forgot Password?