Which of the following statements is true with regard to types of innovation?
a. Firms can choose between sustaining and incremental innovations.
b. Sustaining innovations are targeted toward an existing market.
c. Incremental innovations are targeted toward future markets.
d. Produce designers cannot easily move from one to the other type of innovation.
b. Sustaining innovations are targeted toward an existing market.
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Jerry's wife dies in September. His wife had paid $20,000 of premiums on a $150,000 face value whole life insurance policy. Jerry elects to receive the life insurance policy proceeds in 20 annual installments of $10,000. Jerry receives his first $10,000 payment this year. How much of the payment should Jerry report as gross income?
A. $- 0 - B. $2,500 C. $5,000 D. $7,500 E. $10,000
Customer attributes allow customers to be _____________________
a. identified b. defined c. influenced d. categorized
A person is a direct infringer if he knowingly sells or supplies a part or component of a patented invention
a. True b. False Indicate whether the statement is true or false
Capital budgeting is the ________
A) process of planning for investments in long-term assets B) preparation of the budget for operating expenses C) process of evaluating the profitability of a business D) process of making pricing decisions for products