Which Wave of Innovation Focused on Changing the Fundamental Structure

question 28

Multiple Choice

Which wave of innovation focused on changing the fundamental structure of an organization?

• A) Wave 1: Reducing costs
• B) Wave 2: Leveraging investments
• C) Wave 3: Enhancing products and services
• D) Wave 4: Enhancing executive decision making

---

Definitions:

Sales Discounts

A reduction in the price of a product or service provided by the seller to the buyer, often used as an incentive to encourage prompt payment or to increase sales volume.

Net Sales

The revenue from sales transactions after deductions of returns, allowances for damaged or missing goods, and discounts.

Sales Returns

Transactions where customers return previously purchased products, leading to a reversal of sales revenue.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including materials and labor.