Innovation can be simply defined as a "new idea, creative thoughts, new imaginations in form of device or method". However, innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs. Such innovation takes place through the provision of more-effective products, processes, services, technologies, or business models that are made available to markets, governments and society. The term "innovation" can be defined as something original and more effective and, as a consequence, new, that "breaks into" the market or society. Innovations tend to be produced by outsiders and founders in startups, rather than existing organizations. Innovation is related to, but not the same as, invention, as innovation is more apt to involve the practical implementation of an invention (i.e. new/improved ability) to make a meaningful impact in the market or society, and not all innovations require an invention.
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Answer:
Reduce, increase
Explanation:
If a high inflation rate leads people to reduce their money holdings, this may lead to a further increase in the money supply and increase inflation.
Inflation will cause individuals to spend more more money thus the tendency to reduce money holding to meet cash spending. This in turn will lead to increased cash in circulation and thus increase in inflation.
Answer:
The correct answer is option E.
Explanation:
Crowding out effect refers to the situation when an increase in the government spending causes investment spending to decline. When government increases spending it borrows fund. This causes an increase in the demand for loanable funds. As a result, the interest rate increases.
This increase in interest rate causes private investment to decline. this further causes a reduction in consumption.
Answer: B) Angela is a single mother with two young children.
Explanation: Most appropriate reason amongst all the options can be Angela being a single mother of two young children. Usually a working mother is not found highly flexible with working hours and schedule.This can provoke the employer to become bias and hire the other candidate.
Other options are not as appropriate as option(B) because even if other candidate speaks french fluently, it can make the employer bias but Angela still persist more experience in French and other restaurants so it cannot be a major reason for not hiring her. Hospitality management is not a major need because Angela has good experience in restaurant field.
Angela learning about the job from friend and lounge caters to pick business clientele is not relevant with the mentioned situation in the question. Thus, the appropriate option is option(B).
Answer: Foot-in-the -door method
Explanation:
Foot in the door method is the tactic used by a person to make other person agree on the bigger request by first proposing a smaller request.The larger request that is asked afterwards is the actual desired intent of the requester .
Smaller or initial request is just made to achieve acceptance so that at next step bigger request can get a way to receive acceptance as well.This makes it easy to receive approval on intended wish.
