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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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schepotkina [342]

Answer:

Explanation:

There are various steps that you should take to make sure that your product does not violate any IPs. First, you should make sure that those involved with the product sign an NDA. This document prevents these individuals from talking about the product with others, which prevents it's details from leaking and allowing competitors to beat you to market by releasing their own version of your product first. The other step that you should take would be to patent the design and trademark the name of the product. Doing so will make sure that the product is unique and that it does not interfere with already existant IP's, as well as preventing others from infringing on your product.

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2 years ago
Mars Inc. produces 100,000 boxes of Snickers bars which sell for $4 a box. If variable costs are $3 per box, and it has $150,000
Maru [420]

Answer:

keep producing as variable costs are being met.

Explanation:

A firm should shutdown in the short run if price is less than average variable cost. But since price is greater than the average variable cost, the firm should keep producing in the short run.

I hope my answer helps you

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3 years ago
Exchange of_____<br>resources, and/or_______​
Hunter-Best [27]

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h djj h cool cat

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7 0
3 years ago
A financial plan is most influenced by what
Natasha_Volkova [10]

A financial plan is more influenced by economic factors, values, goals and the current scenario.

<h3 /><h3>What is a financial plan?</h3>

It corresponds to a personal or organizational strategy to achieve financial goals through planning for the use of financial resources. Factors that influence financial planning are mastery of finance, social well-being, financial inclusion and financial literacy.

Therefore, financial planning is impacted by environmental and personal circumstances that will affect resource allocation needs to achieve goals and objectives.

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5 0
1 year ago
A jeans company is pursuing a low cost strategy and has achieved a position in which it is the lowest cost manufacturer of denim
Darya [45]

Answer:

a

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'Low-cost leadership' can be a competitive advantage as a company can sustain this advantage over a period of time and until it is producing economies of scale

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