This a multiple choice problem set dealing with market industry innovation strat

This a multiple choice problem set dealing with market industry innovation strategic development R&D new ventures strategic outsourcing and growth-share matrix.1. A focus strategy is most vulnerable to:a. powerful buyers in the marketb. powerful suppliersc. new market entrantsd. substitute productse. all the above2. By entering into a licensing agreement with a local company as means of entering a foreign market a firm:a. can engage in global strategic coordinationb. risks losing control over its technologyc. can realize location economiesd. will realize experience curve effects3. In order to reduce the development costs and cycle time it is crucial that a firm:a. is highly skilled in applied researchb. integrate the R&D and marketing functionsc. integrate the R&D and innovation teamsd. integrate R&D and productione. eliminate parallel development processes4. The concept of an experience curve:a. is crucial to cost reductions for specialized productsb. relates cost reductions to increased levels of outputc. is a cost reductions effort resulting from a combination of learning effects and economies of scale.d. Is particularly applicable to rapidly changing business environments.5. A firm wishes to market an innovation in an industry with high barrier to imitation and upon review of competitors did not find a firm with complementary assets. This firm should:a. license the technology to another companyb. consolidate the industry through horizontal mergerc. pursue a strategy of vertical integrationd. develop and market the technology itself