Which of the Following Statements Is Not True About Innovation

question 16

Multiple Choice

Which of the following statements is not true about innovation?

• A) Innovation as a competitive weapon can simultaneously create and destroy value.
• B) Successful innovation allows a firm to extract temporary monopoly profits.
• C) Innovation has to be high-tech in order to be a potent competitive weapon.
• D) Process innovations are made possible through advances such as the Internet.

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Definitions:

Internally Oriented

Focused on one's own thoughts, feelings, and inner experiences rather than external events.

Peaking

Reaching a highest point of development or performance; often used in the context of athletic, artistic, or personal achievement.

Older Age

A period in an individual's life characterized by advanced years, often associated with retirement and increased focus on health and life fulfillment.

Internal-External Scale

A psychological measure indicating the extent to which individuals attribute their successes or failures to internal factors (their own efforts) or to external factors (such as luck).