Research and Development

Description: This quiz covers various aspects of Research and Development (R&D) in the context of industrial organization.
Number of Questions: 15
Created by:
Tags: industrial organization r&d innovation technological change
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What is the primary objective of R&D in industrial organizations?

  1. Cost reduction

  2. Revenue generation

  3. Market share expansion

  4. Technological advancement


Correct Option: D
Explanation:

The main goal of R&D in industrial organizations is to drive technological advancements that lead to new products, processes, or services.

Which of the following is NOT a type of R&D activity?

  1. Basic research

  2. Applied research

  3. Experimental development

  4. Market research


Correct Option: D
Explanation:

Market research is not considered an R&D activity as it focuses on understanding consumer preferences and market trends, rather than developing new technologies.

What is the term used to describe the process of converting R&D成果 into commercially viable products or services?

  1. Technology transfer

  2. Commercialization

  3. Innovation

  4. Product development


Correct Option: B
Explanation:

Commercialization refers to the process of bringing R&D成果 to the market and making them available to consumers.

Which of the following factors is NOT typically considered in the decision-making process for R&D investments?

  1. Market potential

  2. Technological feasibility

  3. Cost of R&D

  4. Availability of government grants


Correct Option: D
Explanation:

While government grants may influence R&D decisions, they are not a primary factor in the decision-making process, which typically focuses on market potential, technological feasibility, and the cost of R&D.

What is the term used to describe the phenomenon where firms engage in R&D activities to imitate or improve upon the innovations of other firms?

  1. Imitation

  2. Follow-on innovation

  3. Incremental innovation

  4. Reverse engineering


Correct Option: A
Explanation:

Imitation refers to the practice of replicating or closely following the innovations of other firms, often with the aim of reducing costs or improving upon the original product or service.

Which of the following is NOT a potential benefit of R&D for industrial organizations?

  1. Increased market share

  2. Improved product quality

  3. Reduced costs

  4. Increased regulatory compliance


Correct Option: D
Explanation:

Increased regulatory compliance is not typically considered a direct benefit of R&D, as R&D activities are primarily focused on developing new technologies and improving existing products or processes.

What is the term used to describe the process of combining different technologies or ideas to create new and innovative products or services?

  1. Technological convergence

  2. Cross-fertilization

  3. Synergy

  4. Technology integration


Correct Option: A
Explanation:

Technological convergence refers to the merging of different technologies or ideas from diverse fields to create new and innovative solutions.

Which of the following is NOT a common challenge faced by firms in the R&D process?

  1. High costs of R&D

  2. Technological uncertainty

  3. Lack of skilled labor

  4. Excessive government regulations


Correct Option: D
Explanation:

While government regulations can impact R&D activities, they are not typically considered a major challenge in the R&D process, which primarily focuses on technological uncertainty, high costs, and the availability of skilled labor.

What is the term used to describe the process of protecting intellectual property generated through R&D activities?

  1. Patenting

  2. Copyrighting

  3. Trademarking

  4. Licensing


Correct Option: A
Explanation:

Patenting is the primary mechanism used to protect intellectual property generated through R&D activities, granting exclusive rights to the inventor or organization for a specific period.

Which of the following is NOT a common strategy for firms to fund R&D activities?

  1. Internal funding

  2. Government grants

  3. Venture capital

  4. Crowdfunding


Correct Option: D
Explanation:

Crowdfunding is not a common strategy for firms to fund R&D activities, as it involves raising small amounts of money from a large number of individuals, which may not be suitable for large-scale R&D projects.

What is the term used to describe the process of systematically evaluating the effectiveness and impact of R&D investments?

  1. R&D assessment

  2. R&D evaluation

  3. R&D audit

  4. R&D performance measurement


Correct Option: B
Explanation:

R&D evaluation refers to the systematic assessment of the effectiveness and impact of R&D investments, typically involving the measurement of outcomes and the comparison of actual results with expected outcomes.

Which of the following is NOT a common metric used to measure the success of R&D activities?

  1. Return on investment (ROI)

  2. Number of patents granted

  3. Market share

  4. Customer satisfaction


Correct Option: D
Explanation:

Customer satisfaction is not typically used as a direct metric to measure the success of R&D activities, as it is more closely related to marketing and product management efforts.

What is the term used to describe the phenomenon where firms engage in R&D activities to develop new products or services that are significantly different from existing offerings?

  1. Radical innovation

  2. Disruptive innovation

  3. Incremental innovation

  4. Product differentiation


Correct Option: A
Explanation:

Radical innovation refers to the development of new products or services that are significantly different from existing offerings and often create new markets or disrupt existing ones.

Which of the following is NOT a common type of R&D collaboration between firms?

  1. Joint ventures

  2. Strategic alliances

  3. Licensing agreements

  4. Franchising


Correct Option: D
Explanation:

Franchising is not typically considered a type of R&D collaboration between firms, as it involves the granting of rights to use a brand name and business model, rather than the sharing of R&D resources or expertise.

What is the term used to describe the process of systematically identifying and addressing potential risks and uncertainties associated with R&D activities?

  1. R&D risk management

  2. R&D uncertainty management

  3. R&D project risk assessment

  4. R&D portfolio optimization


Correct Option: A
Explanation:

R&D risk management refers to the systematic identification and management of potential risks and uncertainties associated with R&D activities, aiming to minimize the impact of negative outcomes and maximize the chances of success.

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