Innovation and R&D Quiz

<p>Involves using existing scientific knowledge for the solution of a particular problem</p> Signup and view all the answers

<p>Technology is the subset of scientific knowledge that has practical applications, while innovation involves diffusion through commercialization or public provision</p> Signup and view all the answers

<p>Increasing the stock of knowledge and deriving new applications from it</p> Signup and view all the answers

<p>Creating new products or production processes</p> Signup and view all the answers

<p>All of the above</p> Signup and view all the answers

<p>All of the above</p> Signup and view all the answers

<p>Small, entrepreneurial firms in highly competitive industries</p> Signup and view all the answers

<p>To achieve environmental sustainability and social inclusivity</p> Signup and view all the answers

<p>The way products are made without changing the product itself</p> Signup and view all the answers

<p>The need to replace products frequently with better versions</p> Signup and view all the answers

<p>All of the above</p> Signup and view all the answers

<p>To create and destroy whole industries such as steam power, electricity, IT</p> Signup and view all the answers

<p>Disappearance as new firms challenge existing firms</p> Signup and view all the answers

<p>Invention is a new way of doing something, while innovation is invention plus diffusion through commercialization or public provision.</p> Signup and view all the answers

<p>The main goal of R&amp;D activities is to increase the stock of knowledge and derive new applications from this knowledge.</p> Signup and view all the answers

<p>Technology serves as the subset of scientific knowledge with practical applications, and innovation occurs through the use of technology.</p> Signup and view all the answers

<p>Basic research aims to develop new scientific knowledge without specific applications in mind and is usually conducted in large firm labs and universities.</p> Signup and view all the answers

<p>Applied research involves the use of existing scientific knowledge for solving specific problems, which can lead to the development of new technologies and patents.</p> Signup and view all the answers

<p>An innovation is a new or improved product or process (or combination thereof) that differs significantly from the unit’s previous products or processes and has been made available to potential users or brought into use by the unit.</p> Signup and view all the answers

<p>Essential for business competitiveness and corporate growth, can create and destroy whole industries</p> Signup and view all the answers

<p>The fundamental impulse comes from the new consumers' good, new methods of production or transportation, new markets, and new forms of industrial organization created by capitalist enterprise</p> Signup and view all the answers

<p>They are the most likely to be the major source of innovation</p> Signup and view all the answers

<p>New technologies and the accompanying organizational changes challenging the economic structure</p> Signup and view all the answers

<p>Solving technical problems regarding a new product or production process, or to improve performance</p> Signup and view all the answers

<p>Product, process, incremental vs. radical, social, inclusive, frugal, green (eco)</p> Signup and view all the answers

<p>By improving the effectiveness or efficiency of production, reducing defect rates, or increasing the quantity produced at any given time</p> Signup and view all the answers

<p>Innovation is essential for achieving sustainable development goals and is a goal itself</p> Signup and view all the answers

<p>To achieve growth and sustainable development</p> Signup and view all the answers

<p>Product life cycles shortening, important to replace products frequently with better versions</p> Signup and view all the answers