Test Bank for Strategic Management of Technological Innovation, 7th Edition by Melissa Schilling
316 views 9 purchases
Module
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...
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Tutor247. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £24.53. You're not tied to anything after your purchase.