Multiple Choice Question
The innovation process is a four-step process that consists of idea, invention, innovation, and .
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The innovation process is a four-step process that consists of idea, invention, innovation, and .
Answer ModeMultiple Choice QuestionYour Answer correctThe innovation process is a four-step process that consists of idea, invention, innovation, and Blank______.Multiple choice question.imaginationimitationcorrectinspirationirrigationCorrect AnswerQuestionimitation...
Read MoreWhat is the relationship between innovation and competitive advantage?
Answer ModeMultiple Choice QuestionYour Answer correctWhat is the relationship between innovation and competitive advantage?Multiple choice question.Although innovation can help a company gain competitive advantage, it cannot help a firm maintain that advantage.Because innovation happens so qui...
Read MoreWhat is the commercialization of an invention called?
Answer ModeMultiple Choice QuestionYour Answer correctWhat is the commercialization of an invention called?Multiple choice question.InnovationcorrectThe introduction stageFirst-mover advantageImitationCorrect AnswerQuestionInnovation...
Read MoreA business model in which companies can obtain a large part of their revenues by selling a small number of units from among almost unlimited choice is referred to as .
Answer ModeMultiple Choice QuestionYour Answer correctA business model in which companies can obtain a large part of their revenues by selling a small number of units from among almost unlimited choice is referred to as Blank______.Multiple choice question.the short leashthe shakeout stage...
Read MoreCreating new products out of new or existing ideas is known as .
Answer ModeMultiple Choice QuestionYour Answer correctCreating new products out of new or existing ideas is known as Blank______.Multiple choice question.inventioncorrectinnovationReason: Innovation is the entire process of inventing, marketing, and delivering a new product or service...
Read MoreTrue or false: Innovation can create value for one firm while destroying value for another.
Answer ModeTrue or False QuestionYour Answer correctTrue or false: Innovation can create value for one firm while destroying value for another.True false question.TruecorrectFalseReason: Innovation can simultaneously create and destroy value.Correct AnswerQuestionTrue...
Read MoreThe four-step innovation process begins with .
Answer ModeMultiple Choice QuestionYour Answer correctThe four-step innovation process begins with Blank______.Multiple choice question.inspirationinventionimaginationan ideacorrectCorrect AnswerQuestionan idea...
Read MoreWhen a company introduces a new product or process or business model with the intent of gaining a competitive advantage, that company is engaging in .
Answer ModeMultiple Choice QuestionYour Answer correctWhen a company introduces a new product or process or business model with the intent of gaining a competitive advantage, that company is engaging in Blank______.Multiple choice question.innovationcorrectfranchisingbrandingcost controlCo...
Read MoreSelect all that apply
Which are the four steps of the innovation process?
Answer ModeMultiple Select QuestionYour Answer correctWhich are the four steps of the innovation process?Multiple select question.ideacorrectinventioncorrectinnovationcorrectimitationcorrectimaginationinstigationCorrect AnswerQuestionideainventioninnovationimitation...
Read MoreWhich statement best describes the speed of innovation over the past hundred years?
Answer ModeMultiple Choice QuestionYour Answer correctWhich statement best describes the speed of innovation over the past hundred years?Multiple choice question.It has increased moderately.It has grown at a slow but steady pace.It has been relatively stagnant.It has accelerated dramatically.co...
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