Ask Question
1 February, 07:20

3. Patents are discussed as part of the invention phase of the innovation process in Exhibit 7.2. Describe the trade-offs that are made when a firm decides to patent its business processes or software. Is this same trade-off applicable to tangible hardware products made by a firm?

+2
Answers (1)
  1. 1 February, 07:29
    0
    To get a business software patented, the business should have it as a very innovative process and a monopoly of that. No repetition can be patented.

    Explanation:

    To patent a business method, the innovation must be novel and nonobvious. What's more, a business strategy must be something other than a plan to be patentable. The Supreme Court ruled in Bilski v. that The standard for patentability for a business strategy is that it must be a procedure that makes a valuable, concrete, and unmistakable outcome.

    In order to get patents for a particular thing in a company, the firm should have something which is very innovative or it has a monopoly over that particular thing.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “3. Patents are discussed as part of the invention phase of the innovation process in Exhibit 7.2. Describe the trade-offs that are made ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers