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...
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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