By Definition,a ________ Requires a Large Amount of Learning on the Part

question 56

Multiple Choice

By definition,a ________ requires a large amount of learning on the part of users and typically creates new markets and consumption patterns.

• A)continuous innovation
• B)dynamically continuous innovation
• C)discontinuous innovation
• D)platform-based innovation
• E)new and improved innovation

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Definitions:

Total Variable Expenses

The sum of all costs that vary directly with the level of production or sales volume over a specific period.

Degree of Operating Leverage

A financial metric that measures the sensitivity of a company's operating income to its sales volume.

Break-even Point

The level of production or sales at which total revenues equal total expenses, resulting in no net loss or gain.

Contribution Margin

The amount by which sales revenue exceeds variable costs. It contributes to covering fixed costs and generates profit.