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Which of the Following Is a Function of Operations Applications

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Which of the following is a function of operations applications?


Definitions:

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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