Video Which one of the following is an advantage of the small firm in the innovation process? ?
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Lã Hiền Minh đang tìm kiếm từ khóa Which one of the following is an advantage of the small firm in the innovation process? được Cập Nhật vào lúc : 2022-11-02 23:30:07 . Với phương châm chia sẻ Bí quyết Hướng dẫn trong nội dung bài viết một cách Chi Tiết Mới Nhất. Nếu sau khi tham khảo nội dung bài viết vẫn ko hiểu thì hoàn toàn có thể lại Comment ở cuối bài để Ad lý giải và hướng dẫn lại nha.Abstract
The hypothesis that the relative innovative advantage between large and small firms is determined by market concentration, the extent of entry barriers, the composition of firm size within the industry, and the overall importance of innovation activity is tested. We find that large firms tend to have the relative innovative advantage in industries which are capital-intensive, concentrated, highly unionized, and produce a differentiated good. The small firms tend to have the relative advantage in industries which are highly innovative, utilize a large component of skilled labor, and tend to be composed of a relatively high proportion of large firms.
Nội dung chính Show- What is the advantage of a small firm in the innovation process?Why large firms are better innovators?What is the link between innovation and entrepreneurship?
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Entrepreneurship MCQS Guide
Section 1
1. Which one of the following actions by an entrepreneur is most likely to contribute to creative destruction?
A) Development of a new product
B) Take-over of a competitor
C) Issuing shares
D) Reducing prices
2. An advantage of the small firm in the innovation process?
A) Ability to carry out R&D
B) Ability to raise finance
C) Ability of the entrepreneur to carry out multiple tasks
D) Ability of the entrepreneur to act on new ideas or product development
3.External links may provide incentives to:
A) Raise finance
B) Introduce new working practices
C) Introduce improvements to products
D) Attend business exhibitions
4. Firms located on science parks compared to those located off science parks are:
A) More innovative
B) Less innovative
C) No more or less innovative
D) More growth orientated
5. Innovative small firms are more likely in:
A) Knowledge-based sectors
B) Biotechnology
C) Automobile manufacture
D) Aerospace manufacture
6. Schumpeter considered that innovative entrepreneurs would:
A) Thrive
B) Disappear
C) Be absorbed within large innovative firms
D) Be absorbed within non-innovative firms
7. Innovative entrepreneurs face special issues in raising:
A) Development capital
B) Structured capital
C) Human capital
D) Seed capital
8. Innovative entrepreneurs may have to pay high insurance premiums due to the:
A) The need to protect patents
B) Greater employee liability
C) Greater customer liability
D) Greater trading risks
9. Networking by innovative entrepreneurs may be most encouraged by?
A) Science parks
B) Business incubators
What is the advantage of a small firm in the innovation process?
Smaller firms can react more quickly to input from customers or challenges from competitors, and evolve their busi- ness models more rapidly. In many cases they can learn faster than larger firms and they are faster in decision-making so they potentially have a competitive advantage in fast changing markets.Why large firms are better innovators?
It has been argued that firms possessing monopoly power would be more inclined to innovate because they are better able to realize the rewards from innovation. Also, firms realizing monopoly profits should be better able to finance R&D from internal sources.What is the link between innovation and entrepreneurship?
Entrepreneurship, by contrast, is applying the innovation to bring the dreams/ideas to reality. It is social invention, which lets people do what they could not previously do. Entrepreneurs take advantage of opportunities to make money on the innovation. They build businesses and champion the innovation forward. Tải thêm tài liệu liên quan đến nội dung bài viết Which one of the following is an advantage of the small firm in the innovation process?