Examlex
Which of the following is a function of operations applications?
Disruptive Innovation
A theory that describes a process by which a product or service takes root initially in simple applications at the bottom of a market and then relentlessly moves up market, eventually displacing established competitors.
Microcredit Lending
A type of financing that provides small loan amounts to entrepreneurs or individuals in low-income regions to promote economic development and reduce poverty.
Social Business
A type of business model that aims to solve social problems through innovative solutions while being financially self-sustainable.
Business Model Innovation
Refers to the process of making substantial and valuable changes to a company's core operations, strategies, and value propositions to improve performance and create competitive advantage.
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