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
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Contribution margin equals fixed costs plus
A) cost of goods sold. B) sales. C) variable costs. D) operating income.
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
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
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