Answer: A. Utility Patent
Explanation:
Generally speaking there are 3 types of patents including Utility, Design and Plant Patents.
The relevant patent here however is the Utility Patent.
Utility Patents enable the protection of a NEW and USEFUL process, product or machine. It is essentially meant to protect inventors and their invention from others who may seek to use the invention in any way without permission.
Algorithms fall under this patent as well and as such it is best that Monty uses it.
When a company earns income, it becomes larger because net assets have increased. Even if a portion of the profits is later distributed to shareholders as a dividend, the company has grown in size as a result of its own operations.
Answer:
Sales-Oriented Pricing objective
Explanation:
Sales-oriented pricing objective focuses on increasing sales and gaining a greater market share.
This strategy prioritizes increasing sales over increasing profits, and it can be achieved by cutting costs and reducing prices to attract more customers.
Answer:
how to allocate resources among his four stores.
Explanation:
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
The four factors of production are;
I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.
II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.
III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.
IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).
In this scenario, George owns four dry cleaning stores in the suburbs of Orlando, Florida. He recently updated his STP analysis and has finished adjusting his marketing mix based on the STP results. His next strategic marketing decision will most likely involve determining how to allocate resources among his four stores.
If there is no unity in a shared system, then diversity can become chaos.
