21. Developing and sharing innovative good practice and possibly shared product development across a value chain is known as:

a): Supply chain learning b): Learning network c): Learning cluster d): All of the above

23. Corporate venture is the equivalent of a new business start-up.

a): True b): False

24. The availability of financial resources is a significant constraint, not so much at the initial stages but for subsequent development and growth.

a): True b): False

25. Innovation does not promote the development and growth of a new venture due to expenses.

a): True b): False

26. A new venture represents an opportunity to develop and deliver:

a): New technology b): New service c): New product d): All of the above

27. IPR stands for:

a): Intellectual product rights b): Intellectual property rights c): Intellectual practice rights d): All of the above

28. The generation, acquisition, sharing and exploitation of knowledge are central to successful innovation.

a): Yes b): No

29. Tacit knowledge does not need to be made more explicit.

a): True b): False

30. Codified knowledge can form the basis of legal IPR.

a): True b): False