A major computer chip company spent a considerable amount of time and money in creating a faster processor chip. The company expects the chip to be very successful and greatly increase its revenues. How can the company protect its investment in the new product from competitors?

Question

Social Studies

Lance Parker

24 June, 23:44

A major computer chip company spent a considerable amount of time and money in creating a faster processor chip. The company expects the chip to be very successful and greatly increase its revenues. How can the company protect its investment in the new product from competitors?

+1

Answers (1)

Know the Answer?

Hallie Woods · Answer 1

Answer: The company can protect its investment from competitors by patenting the new chip.

Explanation: A patent is a declaration that prevents competitors from manufacturing a product for a designated period of time.