What Is a Discontinuous Innovation

question 93

Essay

What is a discontinuous innovation?

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Definitions:

Ledger

A Ledger is a book or collection of accounts in which account transactions are recorded, classified, and summarized.

Wages Expense

The total cost incurred by a company for paying its employees, including salaries, wages, and other forms of compensation.

Overpayment Error

A financial mistake where more money is paid out than is owed or necessary, leading to a discrepancy in accounts.

Cash

A form of liquid asset that includes currency, coins, bank deposits, and other mediums of exchange that can be used immediately for transactions.