Answer: Option (B) is correct.
Explanation:
Correct option: limited-life intangible assets.
Patents are considered as a intangible assets. Patents are the intellectual property that a owner can use to exclude others from making, selling and coping technology but for a limited number of years.
In most of the nations patent rights fall under the civil law and if a person wants to take benefit of their patent right then he have to sue someone for infringing the patent to enforce his right.
You can use a GoPro<span> at Disney as long as it isn't on a selfie stick/gopole. If </span>you<span> have it on a </span>chest mount<span>, head mount, wrist or hand mount it is ok.</span>
When firms compete by offering unique product features rather than competing on price, <u>non-price competition</u> occurs; it is when businesses employ tactics to boost sales and market shares without lowering prices.
What is non-price competition?
In non-price competition, a company "seeks to distinguish its product or service from competing items on the basis of features like design and workmanship," according to a marketing strategy. Because it exists between two or more producers who sell goods and services at the same prices but seek to expand their respective market shares by non-price factors like marketing strategies and higher quality, it frequently happens in imperfectly competitive markets.
Types of Non-Price Competition:
Marketing involves a range of approaches (based round the 4Ps), including product differentiation, advertising, promotion and distribution
Learn more about non-price competition here:
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Answer: (B) Entity-relationship diagram.
Explanation:
The entity relationship diagram is one of the type of graphical model or representation which is related to the entities in the form of organizational database.
- The entity-relationship diagram is refers to the data modeling technique which basically illustrate the relationship between the information system entity.
- It is typically used in an organization for the the purpose of database and represent the entity framework.
According to the given question, the entity-relationship diagram is one of the type of diagramming tool which is used for express the different types of relationship between the database and the entities.
Therefore, Option (B) is correct.
