Paul Romer Asserted That Technological Change Happens When Am Entrepreneur

question 9

Multiple Choice

Paul Romer asserted that technological change happens when am entrepreneur identifies:

• A)New customer segments
• B)New customer needs
• C)Existing customer needs that have not been satisfied
• D)New ways of manufacturing and distributing products and services
• E)None of these choices

---

Definitions:

R&D Spending

Expenditures devoted to research and development in order to innovate, improve products, or discover new processes and technologies.

Rate of Return

A measure of the profitability of an investment, expressed as a percentage of the original investment.

R&D Spending

Research and Development (R&D) spending refers to the amount of money a company or country allocates towards research and innovation to develop new products, processes, or technology.