Different dimensions have been used to distinguish types of innovation. Which one does not fall in any of such dimensions?

a.

Competence enhancing versus competence destroying innovation

b.

Service versus process innovation

c.

Radical versus incremental innovation

d.

Product versus process innovation

2.) The biggest disadvantage many first movers face is uncertainty over ______ requirements.

a.

retailers

b.

partners

c.

consumers

d.

suppliers

3)

______ may be able to build brand loyalty and a reputation for technological leadership, pre-emptively capture scarce resources, and exploit buyer switching costs.

a.

A first mover

b.

none of the answers are correct

c.

A slow mover

d.

A late mover

4)

In some industries, ______ welfare benefits of having a single standard have prompted government regulation, such as the European Unions mandate to use the GSM cellular phone standard.

a.

the consumer

b.

All three answers are correct.

c.

the employee

d.

the supplier

5)

______ analysis involves identifying any entity with an interest in the firm, what it wants from the company, and what claims it can make on the company.

a.

Investor

b.

Supplier

c.

Shareholder

d.

Stakeholder

6)

Some of the advantages of collaboration include _________ costs and risks of development, combining complementary skills and resources, enabling the transfer of knowledge between firms and the joint creation of new knowledge, and facilitating the creation of shared standards.

a.

increasing

b.

no cost at all

c.

sharing

d.

All three answers are correct.

7)

Firms often use a combination of quantitative and qualitative methods to evaluate which projects should be _________.

a.

none of the answers are correct

b.

funded

c.

closed

d.

investigated

8)

Firms often collaborate with a number of external organisations (or individuals) in their innovation activities. Firms are most likely to collaborate with ____________.

a.

suppliers

b.

customers

c.

universities

d.

All three answers are correct.

9)

The dominant design ___________ embodies the most advanced technological features available at the time of its emergence.

a.

none of the answers are correct

b.

sometimes

c.

rarely

d.

always

10)

Many firms receive more than one-third of their sales and profits from products developed within the ________.

a.

Past one year

b.

Past five years

c.

Past three years

d.

Past 10 years