New Product Innovation Seldom Comes from the World of Small

question 58

True/False

New product innovation seldom comes from the world of small business because the large corporations spend large amounts on R&D (research and development).

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Definitions:

Inefficient Transportation System

A transportation network that fails to move goods or people effectively, often resulting in delays, increased costs, and environmental impact.

American Productivity Growth

American Productivity Growth refers to the increase in the efficiency of production in the United States, often measured by the output per hour of labor.

Decade

A period of ten years.

Economic Growth

An increase in a country's output of goods and services, measured by changes in its GDP, indicating improvements in living standards and economic health.