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    Question

    What is the significance of intellectual property rights

    (IPR) for entrepreneurs?
    A They restrict innovation Correct Answer Incorrect Answer
    B They protect against plagiarism and theft Correct Answer Incorrect Answer
    C They increase competition Correct Answer Incorrect Answer
    D They hinder market expansion Correct Answer Incorrect Answer

    Solution

    Intellectual property rights (IPR) such as patents, trademarks, and copyrights protect entrepreneurs' innovations and creations from being copied or stolen by others. This protection encourages innovation by providing entrepreneurs with the assurance that their ideas and inventions will be legally safeguarded.

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