Which of the Following Is an Example of Innovation

question 12

Multiple Choice

Which of the following is an example of innovation?

• A)A company redecorates its stores to look up to date.
• B)A company charges fees for late returns of rentals.
• C)A company lowers the price of its traditional product.
• D)A company invents a new way to deliver digital content.
• E)A company reduces its staff to cut operating costs.

---

Definitions:

Net Operating Income

A company's revenue minus operating expenses, not including taxes and interest.

Sales Volume

The quantity of units sold within a specified period, crucial for analyzing a company's performance and planning production.

Variable Cost

Costs that vary directly with the level of production or sales volume, such as materials and labor directly involved in creating a product.

Advertising Spending

The amount of money a company uses for its advertising efforts to promote its products or services.