Which of the Following Statements Holds True for User-Led Innovation

question 59

Multiple Choice

Which of the following statements holds true for user-led innovation?

• A)It refers to the innovation by consumers, who are using (or want to use)the product in new ways beyond what the company originally intended.
• B)It refers to companies setting up joint collaborative ventures with rival organizations to make improvements in the manufacturing process.
• C)It refers to the implementation of a new or significantly improved process.
• D)It refers to the innovation which is not patented by the organization and is offered for free for the common people to use.
• E)It refers to companies setting up joint collaborative ventures with governmental organizations to make improvements in the manufacturing process.

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Definitions:

Personal Purposes

Activities or objectives pursued for an individual’s own private, personal, or household reasons, as opposed to professional or business reasons.

Perfected Security Interest

A perfected security interest is a legal state where a creditor has completed all necessary steps to establish and maintain priority over other creditors concerning a debtor's asset.

Financing Statement

A document filed to give public notice of a security interest in property, used to perfect a secured creditor's interest in the collateral.

Payment Plan

An agreement to pay a debt in specified amounts over a set period.