Which of the Following Statements Refers to Incremental Innovation

question 46

Multiple Choice

Which of the following statements refers to incremental innovation?

• A)It is a pricing strategy that a company uses to get paid for the value it delivers through its business model.
• B)It can be described as building on a firm's established knowledge base to create minor improvements to the product or service a firm offers.
• C)It can be described as innovation that draws on a different knowledge base, technologies, or methods to deliver value in a truly unique way.
• D)It can be described as building on a competing firm's established knowledge base to steadily improve a firm's own product or service.

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Definitions:

Legal Expense

Costs incurred in the process of legal advice, litigation, or other legal services.

Paid-In Capital

Funds raised by a company through the sale of its shares to investors, over and above the par value of these shares.

Market Price

The present cost for buying or selling an asset or service in the market.

Common Stock

A type of equity security representing ownership in a corporation, with rights to dividends and voting in shareholder meetings.