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:

Long-Term Benefits

Advantages or positive outcomes that occur over an extended period, often as a result of sustained efforts or strategies.

Awareness Problematic

A situation in which there is a lack of recognition, consideration, or understanding of issues or difficulties, leading to potential complications.

Contemplation Stage

A stage in the Transtheoretical Model of change where an individual is aware of a problem and is seriously considering addressing it but has not yet made a commitment to take action.

Action Stage

In behavior change, the phase where an individual actively implements strategies to alter a behavior, typically following preparation and planning stages.