Identifying advantages and disadvantages related to the idea is the _______________ step in the innovation process?
a. First
b. Second
c. Third
d. Fourth
b. Second
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A restaurant decides to offer a lunch buffet instead of a la carte ordering. Which of the following is not a co-production benefit of the restaurant’s decision?
a. Increase in cost efficiency from being able to serve more customers without needing more waitstaff b. Increase in guests’ perceived control since they can choose their favorite foods in their preferred quantities from the buffet c. Increase in production efficiency from utilizing a kitchen that might otherwise be more idle d. Increase in inventory efficiency from minimizing food waste
A/an ______ is formed when two or more organizations combine legal control.
A. merger B. network C. ad hoc alliance D. interpartnership
If 30,000 units of materials enter production during the first year of operations, 25,000 of the units are finished, and 5,000 are 50% completed, the number of equivalent units of production would be 28,500
Indicate whether the statement is true or false
A good beachhead requires that customers:
a. have the ability to purchase similar products from competitors b. have a single, compelling reason to buy that will improve productivity on a critical success factor c. come from many different vertical market segments d. have many different options in what the "whole product solution" looks like e. who buy the new technology will be able to change the competitive rules in their own industry