Creating a New Way to Organize a Business's Resources Involves

question 65

Multiple Choice

Creating a new way to organize a business's resources involves ______.

• A) process innovation
• B) product innovation
• C) service innovation
• D) management innovation

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Definitions:

Withdrawal

The act of removing funds from an account, or the act of removing capital from a business by its owner.

Environmental Assessment

The process of evaluating the potential environmental impacts of a planned project or development before decisions are made.

Strategic Management

The process of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.

Analyzing

The process of examining financial data to understand the state of a business, spot trends, or make decisions.