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It is common now for laptops and tablets to utilize multitouch functions, such as "pinch to zoom," either on the screen interface or with the tracking mouse. When the multitouch interface was first introduced, it was an example of which type of innovation?
Entrepreneur's Talent
The unique set of skills, insights, and intuitions possessed by an entrepreneur that contributes to the successful establishment and growth of a business.
Implicit Costs
Indirect, non-monetary expenses involved in pursuing an activity or decision, often reflected as the opportunity cost of using resources.
Explicit Costs
Cash disbursements to external parties for the operation costs of a business, like employee salaries, rental expenses, and raw materials.
Explicit Cost
The monetary payment made by a firm to an outsider to obtain a resource.
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