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snow_tiger [21]
3 years ago
10

Product innovation refers to efforts to create designs and applications of technology to develop new products, while __________

innovation refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.
A. radical
B. breakthrough
C. process
D. service
Business
1 answer:
Sedbober [7]3 years ago
7 0

Answer:C. process

Explanation:

A process innovation improve the efficiency of organization system such as manufacturing and operations. A radical innovation is a total replacement of an existing system , a breakthrough is a new discovery to manufacturing process , while a service innovation is related to the services industry and not manufacturing.

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Retained earnings are?
Yakvenalex [24]

Answer:

Retained earnings is the amount of net income left over for the business after it has paid out dividends to its shareholders. The decision to retain the earnings or distribute them among the shareholders is usually left to the company management.

Explanation:

hope this helps you with your question

6 0
3 years ago
Potential GDP is:
Eva8 [605]

Answer:

b. maximum amount of output that can be produced given the labor force, capital stock, and technology.

Explanation:

GDP refers to the gross domestic product which reflects the finalized value of the goods and services produced domestically

On the other side, the potential GDP refers to the maximum level of output that can be produced by considering the labor force, capital stock, technology by taking the constant inflation rate

Therefore option b is correct

7 0
3 years ago
Explain the importance of profit to the economy.
Kay [80]

Answer:

Explanation:

Profit is the surplus revenue after a firm has paid all its costs. ... In a capitalist economy, profit plays an important role in creating incentives for business and entrepreneurs. For an incumbent firm, the reward of higher profit will encourage them to try and cut costs and develop new products

4 0
3 years ago
1)<br> Which of these would MOST LIKELY cause an increase in the price of an item?
Mumz [18]
You need to upload a picture of the full question or write it down so it can be seen
7 0
3 years ago
Luthan Company uses a plantwide predetermined overhead rate of $23.20 per direct labor-hour. This predetermined rate was based o
Phantasy [73]

Answer:

Manufacturing overhead cost applied=  $280,720

Explanation:

Giving the following information:

Plantwide predetermined overhead rate of $23.20 per direct labor-hour.

Estimated $278,400 of total manufacturing overhead cost.

Estimated activity level of 12,000 direct labor-hours.

The company incurred actual total manufacturing overhead costs of $269,000 and 12,100 total direct labor-hours during the period.

Manufacturing overhead cost applied= actual direct labor hours* predetermined overhead rate

Manufacturing overhead cost applied= 12100* 23.20= $280,720

6 0
3 years ago
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