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:

Economically Equivalent

A term used to describe two or more scenarios that have the same economic impact or value, despite being different in form or structure.

Payments

The transfer of money, goods, or services in exchange for a product or service.

Annum

A Latin word that means "year," often used to denote a period of time equal to one calendar year.

Repaid

The act of paying back money that was borrowed.