If the rate of market growth and technical progress is fast and there are few barriers to possible new entrants,then in-house R&D is the preferred solution.

Question

Quizplus · Accepted Answer

If the rate of market growth and technical progress is fast and there are few barriers to possible new entrants, then it may be more cost-effective and efficient to collaborate with or acquire existing technology startups or engage in open innovation with external partners rather than relying solely on in-house R&D. This allows companies to access a wider pool of diverse ideas, expertise, and resources to accelerate their innovation processes and remain competitive in a rapidly changing market.

If the Rate of Market Growth and Technical Progress Is