Product innovation is the development and introduction of a brand-new product or service or the improvement of an existing product or service achieved through ______.

A. design changes
B. increase in time to manufacture
C. increase in time to order supplies
D. increase in time to inspect quality


A. design changes

Business

You might also like to view...

Contribution margin equals fixed costs plus

A) cost of goods sold. B) sales. C) variable costs. D) operating income.

Business

Salespeople ensure that delivery schedules are met, that the products or services perform as promised, and that buyers' employees are trained to use the products in the _____ step of the selling process

a. preapproach b. needs assessment c. lead qualification d. follow-up

Business

Social consequence entrepreneurship describes:

a. a for-profit venture whose primary market impact is financial b. a non-profit venture whose primary market impact is financial c. a non-profit venture whose primary market impact is social d. a for-profit venture whose primary market impact is social

Business

Crowdsourcing is a boostrapping method that saves money while obtaining valuable ______ resources. In addition to getting the information necessary to develop their products faster, what other benefit is there for the sponsor of crowdsourcing for medical treatment?

a. information b. financial c. technological d. social media

Business