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Test Bank for Strategic Management of Technological Innovation, 7th Edition by Melissa Schilling $29.99   Add to cart

Exam (elaborations)

Test Bank for Strategic Management of Technological Innovation, 7th Edition by Melissa Schilling

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  • Course
  • Strategic Management
  • Institution
  • Strategic Management

Test Bank for Strategic Management of Technological Innovation, 7th Edition 7e by Melissa Schilling. Full Chapters test bank are included - Chapter 1 to 13 Chapter 1: Introduction    PART ONE: Industry Dynamics of Technological Innovation   Chapter 2: Sources of Innovation   Chap...

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  • September 11, 2023
  • 144
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • Strategic Management
  • Strategic Management
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Tutor247
Chap 01 7e Schilling
1) Firms across industries depend on products developed within the past five years for more
than one-third of their sales and profits.
⊚ true
⊚ false



2) Investing in process innovation helps firms lower their costs.
⊚ true
⊚ false



3) Flexible manufacturing technologies have made longer production runs economical and have
increased the importance of production economies of scale.
⊚ true
⊚ false



4) Globalization of markets has reduced the importance of innovation.
⊚ true
⊚ false



5) Innovation and new technologies have led to longer product life cycles and slower product
obsolescence.
⊚ true
⊚ false



6) Technological innovation decreases the amount of output achievable from a given quantity of
labor and capital.
⊚ true
⊚ false



7) Gross domestic product seldom relates to the amount of goods consumers can purchase.
⊚ true
⊚ false




1

, 8) Technological innovation results in complete eradication of negative externalities.
⊚ true
⊚ false



9) If a pharmaceutical company discharges untreated chemical waste into the local water bodies
of a community, it will impose a negative externality on the community members.
⊚ true
⊚ false



10) A firm's organizational structure and control systems seldom have an influence on the
generation of innovative ideas.
⊚ true
⊚ false



11) Most innovative ideas do not become successful new products.
⊚ true
⊚ false



12) The majority of effort and money invested in technological innovation comes from
nonindustrial firms.
⊚ true
⊚ false



13) The innovation process is often conceived of as a funnel because most potential new product
ideas make it through the development process.
⊚ true
⊚ false



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




2

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