The management department at a local university began posting all assignments and other class materials to a course management website instead of creating a packet or printed materials for students to purchase each term. The management department is implementing a ______ innovation.
A. process
B. product
C. policy
D. breakthrough
E. reactive
A. process
A process innovation is a change in the way a product or service is conceived, manufactured, or disseminated. Here, the university changed the way class materials are delivered.
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Which statement is true about import restrictions?
a. They decrease the volume of exports. b. They lead to more jobs for domestic workers. c. They decrease imports and increase exports. d. They are more conducive to prosperity than free trade.
Anheuser-Busch, the brewer of Budweiser beer, lost its independence after years of focusing primarily on the U.S. market
Indicate whether the statement is true or false
Consider Figure 5.1. Suppose instead that the Mexican government provides a subsidy of $200 per ton to its steel producers, as indicated by the supply schedule SM (with subsidy). As a result of the subsidy, the welfare loss to Mexico due to inefficient domestic production equals
a. $200. b. $400. c. $600. d. $800.
When determining how frequently to call a customer, a salesperson should primarily base the decision on the relationship between sales volume and sales calls, which is known as the:
A. prospecting component. B. response function. C. account penetration. D. opportunity cost. E. sales investment factor.