Multiple Choice
Firms innovate because
A) the human race is naturally inventive.
B) competitive advantages tend to erode over time - so new ones need to be found.
C) consumers are always looking for the next new gadget.
D) it gets boring doing the same old things.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: If a firm or a person secures
Q16: Most inventions are based on new technology.
Q17: Innovation must involve the attempted commercialisation of
Q18: The choice of a strategy to exploit
Q19: Industry standard solutions always appear.
Q21: Invention and innovation<br>A)are closely related, so the
Q22: Close co-operation with a major potential customer
Q23: The connection between invention and innovation is<br>A)they
Q24: Public versus private standards are respectively<br>A)standards set
Q25: Network externalities are what cause technical standards