Test Bank For Strategic Management of Technological Innovation 3rd Edition By Schilling

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Edition: 3rd Edition

Format: Downloadable ZIP File

Resource Type: Test bank

Duration: Unlimited downloads

Delivery: Instant Download

Test Bank For Strategic Management of Technological Innovation 3rd Edition By Schilling

ISBN-10: 007338156X, ISBN-13: 978-0073381565

Chapter 01

Introduction

 

True/False

 

  1. The globalization of markets and the importance of innovation are independent of one another.

 

Answer: False

Difficulty: Easy

Page: 1

 

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

 

Answer: False

Difficulty: Easy

Page: 1

 

  1. Innovation and new technology have led to longer product life cycles as better quality products are being produced.

 

Answer: False

Difficulty: Moderate

Page: 2

 

4.. The increased pace of innovation has only had a negligible effect on market segmentation and product obsolescence.

 

Answer: False

Difficulty: Easy

Page: 2

 

  1. Slow innovation results in diminishing margins and product obsolescence.

 

Answer: True

Difficulty: Moderate

Page: 2

 

  1. Technological innovation can have a positive impact on our quality of life through improved goods and services.

 

Answer: True

Difficulty: Moderate

Page: 4

 

  1. Technology’s effects on society are always positive.

 

Answer: False

Difficulty: Easy

Page: 4

 

  1. Technology in its purest form is not knowledge, but rather faith that things will get better.

 

Answer: False

Difficulty: Easy

Page: 4

 

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

 

Answer: False

Difficulty: Moderate

Page: 4

 

  1. Studies have revealed that innovation is a freewheeling process that is unconstrained by rules and plans.

 

Answer: False

Difficulty: Easy

Page: 4

 

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

 

Answer: True

Difficulty: Moderate

Page: 4

 

  1. GDP does relate very directly to the amount of goods consumers can purchase.

 

Answer: True

Difficulty: Easy

Page: 4

 

 

  1. Practically all innovative ideas become successful products.

 

Answer: False

Difficulty: Easy

Page: 5

 

  1. If an idea can be shown to be technologically feasible, it is guaranteed to be commercially successful.

 

Answer: False

Difficulty: Easy

Page: 5

 

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

 

Answer: False

Difficulty: Moderate

Page: 5

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