Which of the Following Best Explains the Concept of 'Closed

question 10

Multiple Choice

Which of the following best explains the concept of 'closed innovation'? 

• A) To develop new products and process without collaboration. 
• B) To create close collaboration with competitors. 
• C) To create close collaboration with suppliers. 
• D) To create close collaboration with parties that share the company's markets.

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Definitions:

Evolved

Pertaining to the gradual development of something, often biological traits, over generations through the processes of natural selection and adaptation.

Provide

To supply or make available something that is needed or desired.

Play Stage

A phase in child development theorized by George Herbert Mead where children begin to take on roles of significant others, practicing and experimenting through play.

Roles

The expected behaviors, duties, and activities assigned to an individual based on their status or position in a social unit or structure.