The Innovation Process Is Often Conceived of as a Funnel

question 14

Multiple Choice

The innovation process is often conceived of as a funnel because:

• A) most innovative ideas become successful new products.
• B) it decreases the amount of output achievable from a given quantity of labor and capital.
• C) it increases the importance of production economies of scale.
• D) there are many potential new product ideas and only a few make it through the development process.

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Definitions:

Psychosocial Issues

Concerns or problems relating to both psychological and social aspects, influencing and being influenced by the mental health and well-being of individuals or communities.

Physical Barriers

Obstacles in the environment that limit or prevent physical movement and access, often affecting individuals with disabilities.

Disabilities

A term that encompasses physical, mental, intellectual, or sensory impairments which, in interaction with various barriers, may hinder an individual’s full and effective participation in society on an equal basis with others.

Southeast Asian

Pertaining to the geographical region of Southeast Asia, which includes countries like Thailand, Vietnam, Singapore, Philippines, Indonesia, Malaysia, Myanmar, Cambodia, Laos, and Brunei.