Innovative Ideas Can Be Extracted from the External Environment by Holding

question 199

Short Answer

Innovative ideas can be extracted from the external environment by holding design competitions and/or using ________ to broadcast design problems to a large audience of potential innovators.

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Definitions:

Variable Operating Costs

Expenses that fluctuate with the level of output or business activity.

Deregulation

The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.

Intermodal Service

A transportation service that combines multiple modes of transport, such as rail, ship, and truck, to move goods efficiently from origin to destination.

Transport Buyer

An individual or entity responsible for purchasing transportation services or solutions.