Use the information given below to answer the questions that follow.

True Nutri Inc. sells performance enhancing foods and beverages for athletes and health-conscious people. In a recent product development meeting, Mike suggested that True Nutri Inc. should acquire a new technology developed by One Health Corp. for infusing vitamin and mineral blends into food. He believed it would be easier to acquire the technology directly from One Health Corp. Justin felt that the method of infusing blends into food should be developed within True Nutri Inc. itself. He knows it may take longer but feels that the competitive advantage it would provide was worth the wait. Lara suggested that True Nutri Inc. should use its resources and work jointly with One Health Corp. to develop an entirely new product.

Based on the scenario, which method of acquiring technology does Justin favor?Question 1 options:

1-internal development

2-licensing

3-contracted development

4-franchising

5-research partnership

From the write up, Justin felt that the method of infusing blends into food should be developed within True Nutri Inc. itself. He knows it may take longer but feels that the competitive advantage it would provide was worth the wait.

Based on the scenario, Justin favors internal development as a method of acquiring technology.

Internal development describes a growth strategy that focuses on developing an organization by making use of its own resources and capabilities.

Basically, internal development helps to expand businesses, boost productivity and sales, increase efficiency etc.