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Drs. James and Janet Baker saw that many people experienced difficulty and frustration when typing, particularly from physical disabilities, so they invented a voice recognition software to allow users to talk to the computer. Their idea resulted in Dragon NaturallySpeaking, a popular talk-to-type software application. Which of the following suggestions for generating business ideas describes how the Bakers conceived their startup?
Expense Warranty Accrual Method
An accounting method where expected future warranty claim costs are estimated and recorded as an expense at the time of sale.
Liability For Warranties
The responsibility of a company to cover costs of addressing defects or repairs under warranty for sold products.
Income After Bonus
The portion of a company's income that remains after paying out bonuses to employees. This figure helps assess the company's net profitability after distributing employee incentives.
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