What Is Open Innovation

question 353

Multiple Choice

What is open innovation?

• A)The use of web-enabled input from external sources to facilitate innovation
• B)The use of web-enabled input from internal sources to facilitate innovation
• C)The use of web-enabled input from external sources to facilitate creativity
• D)The use of web-enabled input from internal sources to facilitate creativity
• E)The use of web-enabled input from internal and external sources to facilitate innovation

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Definitions:

Pretax Return

The income generated by a business before any tax obligations are deducted.

Net Present Value

A financial measure that determines the net present value by subtracting the present value of cash outlays from cash inflows over a specified timeframe.

Additional Working Capital

Extra funds that a company requires to finance its day-to-day operations beyond its current working capital.

Salvage Value

The evaluated resale price of an asset after its lifespan of usefulness.