Match These Types of Innovation with Their Descriptions (Based on Francis

question 62

Multiple Choice

Match these types of innovation with their descriptions (based on Francis and Bessant 2005) .
-Component innovation.

• A) The way they are introduced to market
• B) Product/service offered
• C) Improvement to a part of product/service
• D) Underlying business models

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Definitions:

Securities

Investment assets that denote a shareholding in a publicly-listed company (stock), a bondholder’s claim against a corporation or government, or ownership rights as outlined in an option contract.

Project Costs

Project Costs include all expenses incurred during the execution of a project, including materials, labor, and overhead.

Subjective Approach

A method based on personal opinions, interpretations, points of view, emotions and judgment.

Cost of Capital

The minimum return rate that a company needs to achieve on its investment initiatives to preserve its market valuation and draw in capital.