Which of the Following Is True of Reverse Innovation

question 40

Multiple Choice

Which of the following is true of reverse innovation?

• A) It taps the potential for innovation existing at higher organizational levels.
• B) It emphasizes recognition of innovations developed in well-established markets.
• C) It recognizes innovations existing in diverse settings or locations.
• D) It involves a lack of complete information regarding what exists in the environment.
• E) It focuses on identifying strengths and weaknesses, and potential costs and benefits.

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Definitions:

Profitable Level

Refers to the point at which a business or operation generates revenue exceeding its costs, leading to financial gain.

Output

is the total amount of goods and services produced by an economy, firm, or production process.

Market Price

The actual selling price of a good or service in the marketplace, influenced by supply and demand.

Long Run

A period in which all factors of production and costs can be fully adjusted, including entry and exit of firms.