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Adan has been trying to recall the name of the musical artist who released the song that was #1 when he was 14. Adan feels somewhat frustrated because he is certain he knows the artist's name, but he just can't seem to recall it at this moment. Adan is experiencing something referred to as
Product Innovation
The development and sale of a new or improved product (or service).
Process Innovation
A business strategy involving the introduction of new or significantly improved production or delivery methods.
Firms' Revenues
The total income generated by businesses from selling their goods or services before any expenses are deducted.
Personal Savings
The portion of an individual’s income that is not spent on consumption and is set aside for future use, typically in a savings account or investment.
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