Introduction

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Questions Bank

Introduction
Sources of Innovation
Types and Patterns of Innovation
Standards Battles and Design Dominance
Timing of Entry
Defining the Organizations Strategic Direction
Choosing Innovation Projects
Collaboration Strategies
Protecting Innovation
Organizing for Innovation
Managing the New Product Development Process
Managing New Product Development Teams
Crafting a Deployment Strategy

All Questions

Question 1

Free

True/False

Investing in process innovation helps firms lower their costs.

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True

False

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Question 2

Free

True/False

Flexible manufacturing technologies have increased the importance of production economies of scale.

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True

False

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Question 3

Free

True/False

Globalization of markets has reduced the importance of innovation.

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True

False

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Question 4

Free

True/False

Innovation and new technologies have led to longer product life cycles and lowered product obsolescence.

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True

False

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Question 5

Free

True/False

Technological innovation decreases the amount of output achievable from a given quantity of labor and capital.

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True

False

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Question 6

True/False

GDP does not relate directly to the amount of goods consumers can purchase.

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True

False

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Question 7

True/False

Externalities are costs that are borne by individuals other than those responsible for creating them.

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True

False

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Question 8

True/False

Technological innovation results in complete eradication of negative externalities.

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True

False

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Question 9

True/False

If a business discharges untreated chemical waste into local water bodies,it imposes a negative externality on the community members.

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True

False

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Question 10

True/False

Firms that charge headlong into new product development usually have short development cycles.

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True

False

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Question 11

True/False

Most innovative ideas do not become successful new products.

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True

False

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Question 12

True/False

The majority of effort and money invested in technological innovation comes from non-industrial firms.

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True

False

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Question 13

True/False

The innovation process is often conceived of as a funnel,because most potential new product ideas make it through the development process.

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True

False

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Question 14

True/False

According to the concept of innovation funnel,the number of successful products launched will be greater than the number of raw ideas generated.

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True

False

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Question 15

True/False

According to the concept of the innovation funnel,one new idea is usually responsible for several new products.

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True

False

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Question 16

True/False

A firm's organizational structure and control systems have no influence on the generation of innovative ideas.

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True

False

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Question 17

Multiple Choice

Technological innovations decrease:

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the variety of goods consumers can purchase.

the need for differentiation among competitors.

the time required to design and produce new products.

the use of common components between different models of the same product.

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Question 18

Multiple Choice

As a result of the rapid pace of innovation:

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product life cycles have become short.

product development cycles have become long.

market segmentation has reduced.

product obsolescence has slowed down.

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Question 19

Multiple Choice

The _____ of an economy is its total annual output,measured by the final purchase price.

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balance of payment

gross domestic product

cash reserve ratio

net national income

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Question 20

Multiple Choice

Which of the following is true of technological innovations?

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Technological innovations help increase a country's gross domestic product.

Technological innovations decrease the amount of output achievable from a given quantity of labor and capital.

Technological innovations slow down the product development cycles and product obsolescence.

Technological innovations increase production costs and reduce product differentiation.

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