Which of the Following Is a Drawback of Open Innovation

question 68

Multiple Choice

Which of the following is a drawback of open innovation?

• A)It increases the level of risk associated with product development.
• B)It diverts the organization's attention away from the marketplace.
• C)It nurtures external relationships but not internal ones.
• D)It requires extensive support.

Understand the concept of cohort and its influence on individuals based on shared experiences.

Differentiate between normative and nonnormative life events.

Recognize the impact of historical and cultural contexts on development.

Identify significant developmental influences across the lifespan.

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Definitions:

Short-run Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a specific time period at current prices.

Short-run Phillips Curve

It illustrates the inverse relationship between the rate of inflation and the unemployment rate in the short term.

Agricultural Goods

Products that originate from farming and agriculture, including both crops and livestock.

Poor Weather

Adverse meteorological conditions which can impact activities such as agriculture, transportation, and outdoor events negatively.