Which of the following is NOT a means of acquiring product and process innovations?
A) Independent research and development
B) Mass production of the existing product
C) Reverse engineering
D) Hiring employees of innovating firms

Question

Quizplus · Accepted Answer

Mass production of the existing product is not a means of acquiring product and process innovations. It refers to the production of an already existing product in large quantities, without any changes or improvements to the product or the production process. The other options are all means of acquiring product and process innovations: independent research and development involves the creation and implementation of new ideas and technologies within a firm; reverse engineering involves studying a competitor's product and deconstructing it to uncover its underlying design principles and technology; and hiring employees of innovating firms can provide a company with expert knowledge and experience in product and process development.

Which of the Following Is NOT a Means of Acquiring