1. The starting point in the innovation process is: ___________
a. generating new ideas b. testing product concepts with customers c. clarifying the business problem d. developing the go-to-market strategy
2. Which of the following innovation activities is the weakest link in an organization?
a. product technology b. process technology c. management know-how d. R&D expertise
3. Find the following values assuming a regular, or ordinary, annuity:
a) The present value of $400 per year for ten years at 10%. b) The future value of $400 per year for ten years at 10%.