Which of the Following Is NOT a Means of Acquiring

question 114

Multiple Choice

Which of the following is NOT a means of acquiring product and process innovations?

• A) Independent research and development
• B) Mass production of the existing product
• C) Reverse engineering
• D) Hiring employees of innovating firms

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Definitions:

Experiment

A methodical process conducted to explore a new finding, examine a theory, or prove an established truth.

Probability

The measure of the likelihood that a particular event will occur, expressed as a number between 0 and 1.

Tree Diagram

A visual representation of all possible outcomes of an event, used to calculate probabilities in a structured manner.

Combinations

A mathematical technique to determine the number of possible arrangements in a set when the order of selection does not matter.