Radical Innovations Have the Potential of Creating Negative Impacts on the Leading

question 22

True/False

 Radical innovations have the potential of creating negative impacts on the leading firms that pursue new-product strategies using existing technologies.

Understand the implications of the law of increasing cost and factor suitability in resource allocation.

Recognize the role of the consumer in the American economy.

Understand the concepts of efficiency and maximum possible output in an economy.

Learn about the shift of resources between types of goods to achieve economic growth.

---

Definitions:

Highlighting

The process of marking text or another element to emphasize its importance or difference.

Font Size

The size of the characters in a text, typically measured in points (pt), determining how large or small text appears on a screen or in print.

Macro

A set of commands or actions that can be recorded and later executed with a single command to automate repetitive tasks.

Pivot Table

A data summarization tool used in spreadsheet programs to sort, group, and summarize data for easier analysis and reporting.