John's Company Is Working on a Major New Product, Which

question 136

Multiple Choice

John's company is working on a major new product, which will completely change the way we currently listen to music. John works in a unit responsible for developing the innovation. John's unit operates in a separate building and is not constrained by organizational rules and procedures. John is most likely working:

• A) in a new-venture team.
• B) for an idea champion.
• C) for a company that uses open innovation.
• D) in a crowdsourced project.
• E) for a company that uses innovation by acquisition.

---

Definitions:

Cigars

Rolled bundles of dried and fermented tobacco leaves designed to be smoked.

ATC and MC Curves

Graphs in economics that represent a firm's average total costs (ATC) and marginal costs (MC) at different levels of production.

Tax

Mandatory financial charge or other levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Plant Sizes

The scale or capacity of a manufacturing or production facility, often studied in economics to understand economies of scale.