e-Manufacturing Lecture 5 Introduction Quiz

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What type of business model innovation pattern involves offering free basic services with optional premium services?

Razor & Blades

Bait & Hook

Open Business Models

Multi-sided Freemium (correct)

Which type of business model innovation pattern involves creating and capturing value by systematically collaborating with outside partners?

Multi-sided Freemium

Bait & Hook

Razor & Blades

Open Business Models (correct)

What strategy involves exploiting internal research through outside partnerships in business model innovation?

Inside-out

Connect and Develop (correct)

Patent Pool

Outside-in

In which pattern is a free newspaper offered in many locations as an example?

Bait & Hook Signup and view all the answers

Which type of business model innovation pattern involves exploiting external ideas and bringing them into the firm?

Open Business Models Signup and view all the answers

What approach involves establishing a patent pool that is open to other researchers in business model innovation?

'Outside-in' strategy Signup and view all the answers

Which of the following best describes e-Manufacturing?

A system that enables e-Business systems to meet increasing demands through tightly integrated SCM, ERP, and CRM systems. Signup and view all the answers

What is co-creation in the context of e-Manufacturing?

A process where customers and stakeholders collaborate with the organization to produce a mutually valued outcome. Signup and view all the answers

What is the primary focus of co-creation in e-Manufacturing?

Innovation of products, services, or business processes. Signup and view all the answers

Which of the following statements best describes the role of customers in co-creation?

Customers provide ideas and collaborate with the organization in one or more stages of the business processes. Signup and view all the answers

How does co-creation differ from traditional manufacturing processes?

It involves customers and stakeholders in the product development and realization processes. Signup and view all the answers

What is the primary benefit of co-creation in e-Manufacturing?

Increased customer satisfaction and innovation. Signup and view all the answers

Which of the following is NOT a characteristic of open source software?

Changes can only be made by the original software owner Signup and view all the answers

What is the primary purpose of mass collaboration?

To coordinate efforts and combine knowledge to complete a project Signup and view all the answers

Which of the following is NOT an example of co-creation?

Closed source software development Signup and view all the answers

In the context of e-manufacturing, what is the primary difference between traditional manufacturing and open source?

Open source allows anyone to modify and share designs Signup and view all the answers

Which of the following is a form of co-creation aimed at involving customers?

Mass customization Signup and view all the answers

What is the primary advantage of mass collaboration over traditional manufacturing?

Combining diverse knowledge and skills Signup and view all the answers