Which of the Following Statements Is True of the Different

question 34

Multiple Choice

Which of the following statements is true of the different types of innovations?

• A) Process innovations are more visible than product innovations.
• B) An innovation that was once considered radical may eventually be considered incremental as the knowledge base underlying the innovation becomes more common.
• C) An innovation is considered a component innovation if it significantly affects the overall configuration of the system of which it is a component.
• D) Architectural innovation is also called modular innovation.

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Definitions:

Utility Calculation

A method for assessing the value or efficacy of a service or product by measuring its usefulness and impact.

ROI

ROI, or Return on Investment, is a financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing the profit from an investment by the cost of the investment.

Net Utility

The overall value or satisfaction gained from consuming a product or service, after subtracting the costs associated with its consumption.

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated as the net profit divided by the cost of the investment.