e-Manufacturing Lecture 5 Introduction Quiz

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Questions and Answers

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?

<p>Bait &amp; Hook (B)</p> Signup and view all the answers

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

<p>Open Business Models (B)</p> Signup and view all the answers

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

<p>'Outside-in' strategy (B)</p> Signup and view all the answers

Which of the following best describes e-Manufacturing?

<p>A system that enables e-Business systems to meet increasing demands through tightly integrated SCM, ERP, and CRM systems. (C)</p> Signup and view all the answers

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

<p>A process where customers and stakeholders collaborate with the organization to produce a mutually valued outcome. (B)</p> Signup and view all the answers

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

<p>Innovation of products, services, or business processes. (D)</p> Signup and view all the answers

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

<p>Customers provide ideas and collaborate with the organization in one or more stages of the business processes. (C)</p> Signup and view all the answers

How does co-creation differ from traditional manufacturing processes?

<p>It involves customers and stakeholders in the product development and realization processes. (B)</p> Signup and view all the answers

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

<p>Increased customer satisfaction and innovation. (C)</p> Signup and view all the answers

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

<p>Changes can only be made by the original software owner (D)</p> Signup and view all the answers

What is the primary purpose of mass collaboration?

<p>To coordinate efforts and combine knowledge to complete a project (A)</p> Signup and view all the answers

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

<p>Closed source software development (A)</p> Signup and view all the answers

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

<p>Open source allows anyone to modify and share designs (D)</p> Signup and view all the answers

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

<p>Mass customization (B)</p> Signup and view all the answers

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

<p>Combining diverse knowledge and skills (D)</p> Signup and view all the answers

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