Which of the Following Means Extending the Search for and Commercialization

question 146

Multiple Choice

Which of the following means extending the search for and commercialization of new ideas beyond the boundaries of the organization and even beyond the boundaries of the industry, sharing knowledge and resources with other organizations and individuals outside the firm?

• A) Knowledge sharing
• B) Open innovation
• C) Internal coordination
• D) Crowdsourcing
• E) Reverse innovation

---

Definitions:

Oligopolistic

Pertaining to a market structure characterized by a small number of firms controlling a large portion of the market share.

Market Structure

The organizational and other characteristics of a market that influence the nature of competition and pricing, such as the number of firms, product uniformity, and ease of entry.

Dominant Firms

Companies that possess a major share of the market, exerting significant control or influence over prices, production, or innovation within the industry.

Sherman Act

A basic antitrust legislation in the United States that outlaws practices leading to monopolies and encourages competitive conduct.