Question

In regard to patent activity (issuance), which of the following statements is correct:

Answer 1

Answer:

The correct answer is letter "A": Small businesses outperform their larger counterparts.

Explanation:

A patent gives inventors the right of ownership over their creations. In the U.S., the agency in charge of evaluating and providing these grants is the U.S. Patent and Trademark Office (USPTO) and usually provides it for a period of twenty (20) years from the date of filing. Small firms and individuals tend to file more patent cases than larger companies because, the second ones, are more dedicated to production in big sizes than in creating new products to launch to the market.