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4 Written questions

4 Multiple choice questions

  1. circumstances suggesting that new goods or services can be sold at a price exceeding the costs incurred to create, make, sell, and support them
  2. a new way of organizing or handling the organization tasks firms use to complete their work.
  3. a process of 'creative destruction' through which existing products, methods of production, or ways of administering or managing the firm are destroyed and replaced with new ones
  4. a firm that acquires a fully developed product from another entity or acquires an innovation capability by buying another company

3 True/False questions

  1. innovating by cooperatingan organiztion partners w one or more other firms to combine two sets of resources and capabilities as the source of innovation

          

  2. process innovationfirm uses its own resources and capabilities to create products

          

  3. entrepreneursa process of 'creative destruction' through which existing products, methods of production, or ways of administering or managing the firm are destroyed and replaced with new ones

          

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