To Support the World Population at the Same Standard of Living

question 18

Multiple Choice

To support the world population at the same standard of living as we have in the United States would require times the resources that are available on Earth today.

• A) 20
• B) 1.5
• C) 5
• D) 10
• E) 2

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Definitions:

Product

An item or service created through a process and offered in the market to satisfy a need or want.

Product Innovation

The development of new or improved goods or services that are sold to meet customer needs.

Exploratory Innovation

Risk taking, radical thinking, and experimentation.

Exploitative Innovation

The enhancement and reuse of existing products and processes.