Aerospace Technologies, Australia, Had an Idea for a New Airplane

question 94

Multiple Choice

Aerospace Technologies, Australia, had an idea for a new airplane rudder. When it could not gain access to the resources it needed to develop the new product, it entered into a long-term partnership with Boeing. Today Boeing uses this rudder on its 777 commercial passenger jet. The relationship between Aerospace and Boeing is an example of a(n)

• A) merger.
• B) budget plan.
• C) acquisition.
• D) strategic alliance.

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Definitions:

Innovator's Imperative

The necessity for businesses to continually innovate in order to survive and prosper in a competitive market environment.

Preexisting Assumptions

Beliefs or ideas taken to be true without evidence, prior to analysis or evidence.

Requirement Specification

A detailed description of the functions, features, and limitations of a product, system, or service that needs to be developed.

Fertilize Local Ideas

The process of nurturing and developing innovative ideas within a local context to stimulate growth or solve community-specific issues.