COMPUTER ETHICS AND SECURITY
INTELLECTUAL PROPERTY RIGHTS AND PRIVACY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It makes your original creations more valuable.
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Without registering your IP, you cannot sell your products.
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Without them, any successful idea could be copied by a competitor.
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They aren’t.
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Detailed explanation-1: -IP creates a competitive advantage in several ways – licensing i exclusive rights to an outside IP, license out your IP to generate revenues and combine your IP to create a competitive moat. Acquiring exclusive rights to the an IP can turn your company into a market leader.
Detailed explanation-2: -Your IP rights are important because they can: set your business apart from competitors. be sold or licensed, providing an important revenue stream. offer customers something new and different.
Detailed explanation-3: -Why is IPR Important for Entrepreneurs? IPR are important for entrepreneurs to promote and protect their inventions and creations. Creators, authors, inventors, etc., will get benefited for their hard work only if their work is distributed or shared to the public with their permission.