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When the University of Guelph Decided to Offer a Totally

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When the University of Guelph decided to offer a totally online MBA program where you never have to visit campus to complete your degree, this would be classified as what type of service innovation?


Definitions:

Investment

The allocation of resources, usually money, in the expectation of generating an income or profit.

Personal Expense

Expenses incurred by individuals for non-business-related activities, often not tax-deductible.

Goodwill Method

An accounting approach for handling goodwill during a business combination, where goodwill is not amortized but tested annually for impairment.

Capital Balances

The amounts shown in a company’s books representing the capital owned by partners or shareholders.

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