Which of the Following Statements Holds True for User-Led Innovation

question 59

Multiple Choice

Which of the following statements holds true for user-led innovation?

• A)It refers to the innovation by consumers, who are using (or want to use)the product in new ways beyond what the company originally intended.
• B)It refers to companies setting up joint collaborative ventures with rival organizations to make improvements in the manufacturing process.
• C)It refers to the implementation of a new or significantly improved process.
• D)It refers to the innovation which is not patented by the organization and is offered for free for the common people to use.
• E)It refers to companies setting up joint collaborative ventures with governmental organizations to make improvements in the manufacturing process.

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Definitions:

Learning Curves

Graphical representations that illustrate the improvement in performance or efficiency of a process as it is repeatedly performed.

Labour Needs

The amount and type of workforce required by an organization to achieve its objectives effeciently.

Simplest Approach

The method or solution that involves the least complexity or fewest steps to address a problem or task.

Learning Curve Coefficients

Quantitative measures that describe the rate at which learning and efficiency improvements occur over time in performing a task.