Which of the Following Is Considered a Radical Innovation

question 22

Multiple Choice

Which of the following is considered a radical innovation?

• A) Introducing a range of cell phones with different colors and patterns on the cover.
• B) Reducing the size and weight of a cell phone, to make it more compact and easier to carry.
• C) Developing a cell phone that allows customers to scan the prices of the products in stores and make payments for their purchases.
• D) Increasing the clarity of a cell phone's camera by replacing the three megapixel camera with a five megapixel camera.

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Definitions:

Pre-Specified Number

A fixed number that has been determined beforehand, often used in contracts, agreements, or computational formulas.

Investment Acceptance

The approval process for allocating resources or capital into investments, projects, or financial assets.

Payback Period

is the duration needed to recoup the cost of an investment, calculating the time it takes for returns to cover costs.

Average Accounting Return

A financial ratio that compares the average net income to the average investment made in a company.