Which of the Following Statements Holds True for Open Innovation

question 63

Multiple Choice

Which of the following statements holds true for open innovation?

• A)It refers to the generation of new business ideas through input from employees beyond a company's R&D department and even going outside the firm to enlist contributions from experts, customers, suppliers, and competitors.
• 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:

Operating Income

Profit realized from a business's core operations, calculated before taxes and interest.

Contribution Margin Ratio

A financial metric showing the percentage of sales revenue remaining after variable production costs have been deducted, indicating how much contributes towards covering fixed costs and generating profits.

Net Operating Income

Profit generated from a company's regular business operations, excluding deductions for interest and taxes.

Unit Sales Volume

The quantity of products sold by a company, not taking into account any discounts or returns.