The Root of the 3M Innovation Process Is Complex,hard to Understand,and

question 19

Multiple Choice

The root of the 3M innovation process is complex,hard to understand,and difficult to imitate.This is a competitive advantage based on

• A) path dependency.
• B) social complexity.
• C) casual ambiguity.
• D) availability.

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Definitions:

Statistical Analysis

A method of collecting, reviewing, and interpreting data to discover patterns, correlations, or trends.

Present Value

It measures the current value of a future amount of money or stream of cash flows, using a specific discount rate to account for the time value of money.

Projected Future Cash Flows

An estimation of the amount of money expected to be received and paid out by a business over an upcoming period.

Fundamental Analysis

An approach to evaluating a security that involves analyzing financial statements, health of the economy, industry conditions, and other factors to determine a security's intrinsic value.