The _____ Strategy Recognizes That the Cutting Edge of Innovation

question 76

Multiple Choice

The _____ strategy recognizes that the cutting edge of innovation often happens with young, small, entrepreneurial companies rather than inside the walls of established firms.

• A)Innovation-by-acquisition
• B)fast-cycle team
• C)brainstorming team
• D)skunkworks
• E)new-venture team

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Definitions:

Price Discrimination

A pricing tactic in which a provider offers the same or similar services or goods at different price points in various markets.

Arbitraging

The practice of buying and selling the same asset in different markets to profit from price differences.

Differentiated Products

Differentiated Products are products that are similar but distinguished from each other through branding, design, quality, or other features.

Monopolistic Competitor

A market structure in which many firms offer products or services that are similar, but not perfect substitutes, allowing for some degree of market power and price setting.