Which of the Following Would Be an Example of a Top

question 18

Multiple Choice

Which of the following would be an example of a top down innovation? 

• A) Lowering prices and features of existing products to meet emerging market needs 
• B) Launching a product in and for emerging economies 
• C) Adopting an innovation first in emerging economies and then diffusing it around the world 
• D) Introducing products from emerging markets into developed markets

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Definitions:

Collateral

Assets promised as security for the repayment of a loan, which can be seized by the lender if the borrower fails to repay according to the terms of the loan agreement.

Security Agreement

A legal document that provides a lender a security interest in a specified asset or property that is pledged as collateral.

Collateral

Collateral refers to assets that a borrower offers to a lender to secure a loan, which can be seized if the loan is not repaid.

Perfection by Possession

A method of securing interests in personal property by physical possession, thereby prioritizing claims against the property.