Managers Perceive Internal Product Development as a High-Risk Activity and Tend

question 75

Multiple Choice

Managers perceive internal product development as a high-risk activity and tend to choose acquisitions because approximately _______ percent of innovations are imitated within four years after patents are obtained.

• A) five
• B) ten
• C) sixty
• D) twenty

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Definitions:

Closeout

The act of completing all project-related tasks, documenting outcomes, and formalizing the conclusion of a project.

Organizing

The process of arranging resources, defining roles, and establishing structures within an organization or project to achieve objectives efficiently.

Preparing

The process of making ready or being made ready for use or consideration, often involving planning and setup.

Planning

The process of making plans for something, including setting goals and determining the steps to achieve them.