Test Bank
📘Strategic Management of Technological Innovation – PRACTICE
MCQs (Original) Questions And correct Answers with solutions
🔹 QUESTIONS 1–50
1. Innovation is best defined as:
A. Random invention
B. New idea implemented successfully
C. Patent filing only
D. Market monopoly
2. Technology strategy focuses on:
A. HR planning
B. Long-term tech use
C. Accounting control
D. Short-term sales
3. Radical innovation refers to:
A. Small improvement
B. Major breakthrough
C. Cost reduction only
D. Marketing change
4. Incremental innovation is:
A. Disruptive shift
B. Step-by-step improvement
C. Scientific discovery
D. Policy change
5. Open innovation means:
A. Internal R&D only
B. External knowledge use
, C. No collaboration
D. Closed patents
6. Closed innovation relies on:
A. External partners
B. Internal development
C. Crowdsourcing
D. Licensing out
7. First-mover advantage refers to:
A. Late entry benefit
B. Early market entry gain
C. No competition
D. Cost disadvantage
8. Late movers benefit from:
A. High risk
B. Learning from pioneers
C. No competition
D. Higher R&D costs
9. A dominant design is:
A. Temporary product
B. Industry standard design
C. Prototype only
D. Failed product
10.Platform competition involves:
A. One product only
B. Ecosystem rivalry
C. No users
D. Internal teams only
11.Standards help:
A. Reduce compatibility
B. Increase interoperability
C. Limit innovation
D. Remove competition
12.Modularity allows:
A. Fixed systems
B. Flexible components
C. No upgrades
D. Closed systems
13.Innovation diffusion is:
A. Product destruction
B. Spread of innovation
C. Patent filing
D. R&D spending
14.S-curve represents:
A. Profit only
, B. Technology performance over time
C. Marketing growth
D. Cost decline only
15.Disruptive innovation:
A. Maintains status quo
B. Creates new market
C. Reduces quality
D. Avoids customers
16.Sustaining innovation:
A. Improves existing products
B. Replaces markets
C. Removes demand
D. Creates disruption
17.IP protection includes:
A. Advertising
B. Patents
C. Pricing
D. Hiring
18.A patent provides:
A. Marketing rights
B. Legal protection
C. Free usage
D. No restriction
19.Trade secrets are:
A. Public data
B. Confidential knowledge
C. Market ads
D. Open reports
20.Licensing allows:
A. No sharing
B. Technology use rights
C. Product destruction
D. Cost increase
21.Alliances are formed to:
A. Avoid cooperation
B. Share resources
C. Reduce innovation
D. Eliminate risk
22.R&D intensity refers to:
A. Sales volume
B. R&D spending ratio
C. HR count
D. Marketing budget
📘Strategic Management of Technological Innovation – PRACTICE
MCQs (Original) Questions And correct Answers with solutions
🔹 QUESTIONS 1–50
1. Innovation is best defined as:
A. Random invention
B. New idea implemented successfully
C. Patent filing only
D. Market monopoly
2. Technology strategy focuses on:
A. HR planning
B. Long-term tech use
C. Accounting control
D. Short-term sales
3. Radical innovation refers to:
A. Small improvement
B. Major breakthrough
C. Cost reduction only
D. Marketing change
4. Incremental innovation is:
A. Disruptive shift
B. Step-by-step improvement
C. Scientific discovery
D. Policy change
5. Open innovation means:
A. Internal R&D only
B. External knowledge use
, C. No collaboration
D. Closed patents
6. Closed innovation relies on:
A. External partners
B. Internal development
C. Crowdsourcing
D. Licensing out
7. First-mover advantage refers to:
A. Late entry benefit
B. Early market entry gain
C. No competition
D. Cost disadvantage
8. Late movers benefit from:
A. High risk
B. Learning from pioneers
C. No competition
D. Higher R&D costs
9. A dominant design is:
A. Temporary product
B. Industry standard design
C. Prototype only
D. Failed product
10.Platform competition involves:
A. One product only
B. Ecosystem rivalry
C. No users
D. Internal teams only
11.Standards help:
A. Reduce compatibility
B. Increase interoperability
C. Limit innovation
D. Remove competition
12.Modularity allows:
A. Fixed systems
B. Flexible components
C. No upgrades
D. Closed systems
13.Innovation diffusion is:
A. Product destruction
B. Spread of innovation
C. Patent filing
D. R&D spending
14.S-curve represents:
A. Profit only
, B. Technology performance over time
C. Marketing growth
D. Cost decline only
15.Disruptive innovation:
A. Maintains status quo
B. Creates new market
C. Reduces quality
D. Avoids customers
16.Sustaining innovation:
A. Improves existing products
B. Replaces markets
C. Removes demand
D. Creates disruption
17.IP protection includes:
A. Advertising
B. Patents
C. Pricing
D. Hiring
18.A patent provides:
A. Marketing rights
B. Legal protection
C. Free usage
D. No restriction
19.Trade secrets are:
A. Public data
B. Confidential knowledge
C. Market ads
D. Open reports
20.Licensing allows:
A. No sharing
B. Technology use rights
C. Product destruction
D. Cost increase
21.Alliances are formed to:
A. Avoid cooperation
B. Share resources
C. Reduce innovation
D. Eliminate risk
22.R&D intensity refers to:
A. Sales volume
B. R&D spending ratio
C. HR count
D. Marketing budget
