Q1 Use the information given below to answer the questions that follow. True Nut
ID: 428639 • Letter: Q
Question
Q1
Use the information given below to answer the questions that follow.
True Nutri Inc. sells performance enhancing foods and beverages for athletes and health-conscious people. In a recent product development meeting, Mike suggested that True Nutri Inc. should acquire a new technology developed by One Health Corp. for infusing vitamin and mineral blends into food. He believed it would be easier to acquire the technology directly from One Health Corp. Justin felt that the method of infusing blends into food should be developed within True Nutri Inc. itself. He knows it may take longer but feels that the competitive advantage it would provide was worth the wait. Lara suggested that True Nutri Inc. should use its resources and work jointly with One Health Corp. to develop an entirely new product.
Based on the scenario, which method of acquiring technology does Justin favor?Question 1 options:
1-internal development
2-licensing
3-contracted development
4-franchising
5-research partnership
1-internal development
2-licensing
3-contracted development
4-franchising
5-research partnership
Explanation / Answer
For any organization, when it comes to R&D, the acquisition of technology includes both internally developed and acquired through external sources. Thus, the organization purposely or inadvertently develops the knowledge internally, is termed as Internal development.
Hence, Justin felt that the method of infusing blends into food should be developed within True Nutri Inc. itself. Here he is referring to the “Internal development”.
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