Innovations That Represent a Significant Improvement but Do Not Entail

question 31

Multiple Choice

Innovations that represent a significant improvement but do not entail any new technology or approach are known as:

• A) distinctive innovations.
• B) breakthrough innovations.
• C) incremental innovations.
• D) relative innovations.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses and taxes from total revenue, indicating profitability.

Net Income

The profit of a company after all expenses and taxes have been deducted from total revenue.

Retained Earnings

The portion of a company's profits that is held or retained and saved for future use, investment, or to pay debt, instead of being paid out as dividends.

Statement Of Retained Earnings

A financial report that reveals the changes in retained earnings for a particular period of time.