Using Examples from Chapter 3, Describe How You Would Discover

question 34

Essay

Using examples from chapter 3, describe how you would discover ideas for a new product and what factors you would take into consideration.

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Definitions:

Profit Sharing

A business strategy where employees receive a share of the company's profits in addition to their regular salary.

Cost Savings

Reduction of expenses achieved through efficiency improvements, elimination of waste, or negotiation of lower prices.

Core Dimensions

Fundamental aspects or elements that define the structure or essence of a subject or system.

Autonomy

The freedom and flexibility to make one's own choices and decisions without external control or influence.