An Inventor Has Invented a User-Friendly Whiteboard Eraser Based on New

question 109

True/False

An inventor has invented a user-friendly whiteboard eraser based on new microfibers.The product has many benefits-it is easy to clean,long-wearing and never leaves smudges on the whiteboard surface.Given that the innovation is low cost and he wants to go to market as soon as practical,he would be best advised to apply for an innovation patent rather than a standard patent.

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Definitions:

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on their usage of the resources.

Supporting Assembly

A group of components or parts assembled to support the functioning of a main product or system.

Processing Orders

Entails the activities involved in handling and fulfilling customer orders, from placement to delivery.

Idle Capacity

The unused portion of the total available capacity within a company, often resulting in inefficiency and increased costs.