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weeeeeb [17]
2 years ago
13

Practices and processes that encourage the use of external as well as internal ideas in order to create new products and service

s is known as Blank______ innovation.
Business
1 answer:
Morgarella [4.7K]2 years ago
6 0

Open innovation change that adds value to be product or service

Practices and processes that encourage the use of external as well as internal ideas in order to create new products and services is known as Blank______ innovation.


Innovation is the incarnation of creativity into a usable product or service. In the entrepreneurial environment, invention is any new idea, process, or product, or a change to be product or process that adds value to that being product or service.
Open innovation  is principally a volition to this conventional system of doing invention where information has to stay within preset confines.

A mindset, if you will, of being open to sharing and entering information.
This companion explains how you can make invention a crucial business process and outlines the different approaches you can take. It gives you advice on planning for invention and creating the right business terrain to develop your ideas. It also outlines the help and support available to innovation businesses.


The business case for innovation Approaches to invention Planning Encourage invention in your business Backing innovation

To learn more about innovation refer to :
brainly.com/question/17218280

#SPJ4


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a. might make you better off if your nominal wages fall more rapidly than prices. b. automatically occurs when there are more go
Mariana [72]

Answer:

c. would negatively affect producers but positively affect consumers because producers must accept lower prices

Explanation:

In the case of deflation, it negatively impact the producers but on the other side it impact positively to the consumers as the producers are ready to accept at the lower price also

So as per the given situation, the deflation should be fit to the above option

Therefore the other options should be considered irrelevant and hence not considered

7 0
3 years ago
What is it called where consumers react to rising prices by consuming less of a good and more of it's competitors?
adelina 88 [10]

Answer:

Substitute Effect

Explanation:

When a product's price increases, it becomes relatively expensive compared to its alternatives. The high price will encourage consumers to choose other goods that are relatively cheaper. Consequently, the price increase reduces the demand for the product while increases the demand for its substitutes.

The substitution effect describes how consumption is affected by an increase or a decrease in a product's price.

6 0
3 years ago
Drudgen Fitness Inc. is a fitness equipment provider that markets its products through a chain of retailoutlets in four states.
Anarel [89]

Answer:

4) buying and installing new computers in the new outlets

Explanation:

The five component model of information systems includes what a company needs to create is IT infrastructure and it includes:

  1. people: I firmly believe that people are the most important component of any system, at least until AI replaces us.
  2. hardware: refers to the equipment needed (e.g. computers, etc.)
  3. software: includes both system (windows or linux) and applications software (e.g. ERP software)
  4. database: the place where collected data is stored, e.g. physical storage devices or cloud storage
  5. network: the connections needed for different hardware to work together, e.g. cables, routers, internet service
8 0
3 years ago
The strategy of setting a single price for two or more units is known as
jekas [21]
Is known as multiple- unit pricing.
8 0
3 years ago
Read 2 more answers
If you have 1-year rate is 8%, 2-year rate is 9%, and 3-year rate is 10%. Assume that the pure expectations theory for the term
e-lub [12.9K]

Answer:

1 year rate 2 year from now = 12%  (Approx)

Explanation:

Given:

1-year rate = 8%

2-year rate = 9%

3-year rate = 10%

Computation:

According to Pure Expectations Hypothesis,

(1 + 3-year rate)³ = (1 + 2-year rate)² (1 + 1 year rate 2 year from now)

(1.10)³ = (1 + 1.09)²(1 + 1 year rate 2 year from now)

1.331 = 1.1881 (1 + 1 year rate 2 year from now)

(1 + 1 year rate 2 year from now)  = 1.12

1 year rate 2 year from now = 0.12

1 year rate 2 year from now = 12%  (Approx)

3 0
3 years ago
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