Which of the Following Statements Is True of a Firm

question 60

Multiple Choice

Which of the following statements is true of a firm that creates a radical innovation?

• A)It focuses on the established knowledge base of a firm to deliver value.
• B)It relies on existing technologies and resources to create a new product.
• C)It employs a fundamentally different business model than its rivals.
• D)It aims to sustain its current product offering and revenues.

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Definitions:

Cost Reduction

Strategies or actions implemented by a company to decrease its expenses and improve profitability.

Disposal Channels

Methods or avenues through which unwanted or obsolete products are discarded, recycled, or repurposed.

CEO's Perspective

The viewpoint or approach taken by the Chief Executive Officer regarding the strategic and operational aspects of running a company.

Production Planning

The planning of production schedules, inventory management, and the allocation of resources in manufacturing.