Firms That Generate New-Product Ideas by Gathering Both External and Internal

question 119

Multiple Choice

Firms that generate new-product ideas by gathering both external and internal ideas are using

• A)disruptive technology.
• B)cloudsourcing.
• C)open innovation.
• D)diffusion.
• E)pivoting.

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Definitions:

Chi-squared Tests

Statistical tests used to determine if there is a significant difference between observed frequencies and the frequencies expected under a specific hypothesis.

Nominal Data

Categorical data that cannot be logically ordered or ranked.

Two Categories

A classification method that divides items or subjects into two distinct groups based on specific criteria.

Z-test

An evaluative statistical approach used to see if there's a meaningful difference between the mean values of two populations, provided that the variances are established and the samples are sizeable.