MNE3703 Assignment 3 QUIZ (COMPLETE ANSWERS) Semester 1 2026 - DUE 24 April 2026

MNE3703 Assignment 3 QUIZ (COMPLETE ANSWERS) Semester 1 2026 - DUE 24 April 2026; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.8.1..2.7.8..3.3.7.2... Ensure your success with us.... Customers, suppliers, investors and innovators Steps in the innovation process involve various processes. The is to match the first five steps of the innovation process to the related concept. Idea/insight It is a trigger to commence the innovation process Development Involves turning ideas/insight into products Design This step involves determining the attributes and features of the final product. Market evaluation Involves presenting an accurate picture of the value of the product Product engineering Is concerned with how the product will be manufactured To extract total value from innovation, innovators must adopt a proactive approach to safeguard their profits from imitators,customers, suppliers, and complementary product providers. To successfully safeguard themselves, companies shouldadopt three key factors. What are the three key factors for value capture? Select one: a. Complementary assets, Appropriability and Patent rights b. Appropriability, Profitability, and Complementary assets c. Revenue-generating ideas, Complementary Assets, and Appropriability d. Appropriability, Revenue generating mechanism, and Patent Rights e. Complementary assets, Profitability and Patent 10 1.00 11 10.00 Who captures value from innovators? Select one: a. Customers, innovators, suppliers and imitators b. Lenders, innovators, customers and suppliers c. Innovators, Investors, users and customers d. Suppliers, investors, buyers and innovators e. Customers, suppliers, investors and innovators Steps in the innovation process involve various processes. The is to match the first five steps of the innovation process to the related concept. Idea/insight It is a trigger to commence the innovation process Development Involves turning ideas/insight into products Design This step involves determining the attributes and features of the final product. Market evaluation Involves presenting an accurate picture of the value of the product Product engineering Is concerned with how the product will be manufactured 12 1.00 13 1.00 14 1.00 The Technology Push model of the innovation process is typically described as: Select one: 1. The latest model of the innovation process 2. The traditional model of the innovation process 3. The true model of the innovation process 4. The demand model of the innovation process The purpose of models is to: Select one: 1. Detail the design of the object 2. Convey the form, style and 'feel' of an object 3. Market the object 4. Provide a detailed framework of the object The African government should invest in innovation to grow its economy from being natural resource-dependent toinnovation-driven. M-Pesa is an African mobile money innovation. True False 15 The indigenous knowledge of Africa, particularly regarding herbal practices, ought to be central to contemporary innovation. True False For centuries, the San people of Southern Africa have used the Hoodia plant to suppress hunger and thirst during longhunting journeys in the harsh Kalahari Desert. Therefore, this plant cannot be regarded as a missed opportunity for Africaninnovation. True False Process innovation involves three key combinations. What are the three key combinations? Select one: a. Process inputs, entrepreneurship process, and process output. b. Process inputs, technological process and process output. c. Process inputs, conversion process and output process. d. Venture process, process knowledge, and market process. Process innovations take place within the production or service delivery process. "What are three examples of process inputs?" Select one: 1. Products, capital and services 2. Material, labour and capital 3. Products, capital and process 4. Labour, capital and production 5. Capital, service and manufacturing 3 1.00 4 1.00 5 1.00 6 1.00 The Basotho Blanket is a traditional item worn by the native people of Lesotho for centuries. Louis Vuitton has takeninspiration from this rich cultural heritage and incorporated the design elements of the Basotho Blanket into their latestfashion piece. Louis Vuitton has taken this design and produced an R33000.00 shirt inspired by the traditional BasothoBlanket. Traditional items like a Basotho blanket cannot be patented? True False The Basotho Blanket automatically belongs to the Basotho people as their cultural and intellectual heritage, and there is noneed for them to apply for intellectual property rights to claim ownership of it. True False Without the formal legal protection of the Basotho Blanket, third parties can legally adapt or commercialize designs unlessrestricted by national law. True False Is this statement true or false? Copyright is not an inherent right that comes from creative effort. True False 7 1.00 8 1.00 9 1.00 Trial and error are a key aspect of the innovation process, turning an idea into a viable product. True False A macro perspective on innovation offers a broader and more long-term view. True False To extract total value from innovation, innovators must adopt a proactive approach to safeguard their profits from imitators,customers, suppliers, and complementary product providers. To successfully safeguard themselves, companies shouldadopt three key factors. What are the three key factors for value capture? Select one: a. Complementary assets, Appropriability and Patent rights b. Appropriability, Profitability, and Complementary assets c. Revenue-generating ideas, Complementary Assets, and Appropriability d. Appropriability, Revenue generating mechanism, and Patent Rights e. Complementary assets, Profitability and Patent 10 1.00 11 10.00 Who captures value from innovators? Select one: a. Customers, innovators, suppliers and imitators b. Lenders, innovators, customers and suppliers c. Innovators, Investors, users and customers d. Suppliers, investors, buyers and innovators e. Customers, suppliers, investors and innovators Steps in the innovation process involve various processes. The is to match the first five steps of the innovation process to the related concept. Idea/insight It is a trigger to commence the innovation process Development Involves turning ideas/insight into products Design This step involves determining the attributes and features of the final product. Market evaluation Involves presenting an accurate picture of the value of the product Product engineering Is concerned with how the product will be manufactured 12 1.00 13 1.00 14 1.00 The Technology Push model of the innovation process is typically described as: Select one: 1. The latest model of the innovation process 2. The traditional model of the innovation process 3. The true model of the innovation process 4. The demand model of the innovation process The purpose of models is to: Select one: 1. Detail the design of the object 2. Convey the form, style and 'feel' of an object 3. Market the object 4. Provide a detailed framework of the object The African government should invest in innovation to grow its economy from being natural resource-dependent toinnovation-driven. M-Pesa is an African mobile money innovation. True False 15 The indigenous knowledge of Africa, particularly regarding herbal practices, ought to be central to contemporary innovation. True False For centuries, the San people of Southern Africa have used the Hoodia plant to suppress hunger and thirst during longhunting journeys in the harsh Kalahari Desert. Therefore, this plant cannot be regarded as a missed opportunity for Africaninnovation. True False Process innovation involves three key combinations. What are the three key combinations? Select one: a. Process inputs, entrepreneurship process, and process output. b. Process inputs, technological process and process output. c. Process inputs, conversion process and output process. d. Venture process, process knowledge, and market process. Process innovations take place within the production or service delivery process. "What are three examples of process inputs?" Select one: 1. Products, capital and services 2. Material, labour and capital 3. Products, capital and process 4. Labour, capital and production 5. Capital, service and manufacturing 3 1.00 4 1.00 5 1.00 6 1.00 The Basotho Blanket is a traditional item worn by the native people of Lesotho for centuries. Louis Vuitton has takeninspiration from this rich cultural heritage and incorporated the design elements of the Basotho Blanket into their latestfashion piece. Louis Vuitton has taken this design and produced an R33000.00 shirt inspired by the traditional BasothoBlanket. Traditional items like a Basotho blanket cannot be patented? True False The Basotho Blanket automatically belongs to the Basotho people as their cultural and intellectual heritage, and there is noneed for them to apply for intellectual property rights to claim ownership of it. True False Without the formal legal protection of the Basotho Blanket, third parties can legally adapt or commercialize designs unlessrestricted by national law. True False Is this statement true or false? Copyright is not an inherent right that comes from creative effort. True False 7 1.00 8 1.00 9 1.00 Trial and error are a key aspect of the innovation process, turning an idea into a viable product. True False A macro perspective on innovation offers a broader and more long-term view. True False To extract total value from innovation, innovators must adopt a proactive approach to safeguard their profits from imitators,customers, suppliers, and complementary product providers. To successfully safeguard themselves, companies shouldadopt three key factors. What are the three key factors for value capture? Select one: a. Complementary assets, Appropriability and Patent rights b. Appropriability, Profitability, and Complementary assets c. Revenue-generating ideas, Complementary Assets, and Appropriability d. Appropriability, Revenue generating mechanism, and Patent Rights e. Complementary assets, Profitability and Patent 10 1.00 11 10.00 Who captures value from innovators? Select one: a. Customers, innovators, suppliers and imitators b. Lenders, innovators, customers and suppliers c. Innovators, Investors, users and customers d. Suppliers, investors, buyers and innovators e. Customers, suppliers, investors and innovators Steps in the innovation process involve various processes. The is to match the first five steps of the innovation process to the related concept. Idea/insight It is a trigger to commence the innovation process Development Involves turning ideas/insight into products Design This step involves determining the attributes and features of the final product. Market evaluation Involves presenting an accurate picture of the value of the product Product engineering Is concerned with how the product will be manufactured 12 1.00 13 1.00 14 1.00 The Technology Push model of the innovation process is typically described as: Select one: 1. The latest model of the innovation process 2. The traditional model of the innovation process 3. The true model of the innovation process 4. The demand model of the innovation process The purpose of models is to: Select one: 1. Detail the design of the object 2. Convey the form, style and 'feel' of an object 3. Market the object 4. Provide a detailed framework of the object The African government should invest in innovation to grow its economy from being natural resource-dependent toinnovation-driven. M-Pesa is an African mobile money innovation. True False 15 The indigenous knowledge of Africa, particularly regarding herbal practices, ought to be central to contemporary innovation. True False For centuries, the San people of Southern Africa have used the Hoodia plant to suppress hunger and thirst during longhunting journeys in the harsh Kalahari Desert. Therefore, this plant cannot be regarded as a missed opportunity for Africaninnovation. True False