False, the open innovation strategy enables the company to avoid utilizing external innovation carried out by other businesses.
<h3>What is Open innovation model?</h3>
Open innovation refers to the process of companies and organizations obtaining ideas from both internal and external sources. Sharing information about issues and appealing to those outside the company for advice and solutions entails this. Open innovation is the process of "increasing the markets for the external application of invention while accelerating internal innovation through deliberate inflows and outflows of knowledge."
You may take internally developed ideas or initiatives that don't fit with your primary business model and develop them outside by creating an open innovation network. This could provide additional revenue sources without affecting your main line of business.
To know more about Open innovation model, visit:
brainly.com/question/15231173
#SPJ1
Answer: Debit Supplies
Credit Cash
Credit Accounts payable.
Explanation:
The journal entry is an act of making records of the transactions in an organization which shows the debit and credit balances of the company.
Based on the information given, since General Electric bought supplies in the amount of $1,500, the journal entry will be:
Debit Supply $1500
Credit Cash / Accounts Payable $1500
The settlement option that provides for ongoing payments for
a period of time is called annuity. The annuity is a type of insurance contract
in which they provide an individual an annual income for a long period of time
such as an example of this is a pension.
Answer:
$29,500
Explanation:
Given that,
Beginning inventory = $12,000
Ending inventory = $6,000
Purchases = $25,000
Purchase return = $1,500
Kuyu’s cost of goods sold during the period:
= Beginning inventory + Net purchases - Ending inventory
= Beginning inventory + (Purchases - Purchase return) - Ending inventory
= $12,000 + ($25,000 - $1,500) - $6,000
= $12,000 + 23,500 - $6,000
= $29,500
Vision, decision-making style, and delegation.
