The Value Created by an Innovation Is

question 29

Multiple Choice

The value created by an innovation is:

• A)Shared equally among the players
• B)Left to customers
• C)Captured by the player possessing the largest market share of the industry
• D)None of the above

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Definitions:

Allocated

The process of distributing resources or costs among various accounts or departments based on a specific criteria or formula.

Indirect Expenses

Costs that are not directly linked to a specific product or service but are necessary for the general operation of a business, such as administration and marketing expenses.

General Benefit

A type of advantage or positive outcome that applies broadly, often in a nonspecific or nonexclusive manner.

Department Manager

An individual responsible for overseeing the operations, staff, and budget of a specific department within an organization.