Which Type of Innovation Is Known to Create New Industries

question 33

Multiple Choice

Which type of innovation is known to create new industries?

• A)Continuous innovation
• B)Discontinuous innovation
• C)Dynamically continuous innovation
• D)Congruous innovation

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Definitions:

Standard Cost

A predetermined or estimated cost of producing a product or service, used as a benchmark for measuring actual production costs.

Actual Production

The real quantity of products manufactured during a specific period, as opposed to planned or projected production.

Material Price Variance

The difference between the actual cost of materials and the standard cost, multiplied by the quantity of materials used.

Standard Unit Price

A predetermined or established cost that represents an expected or typical amount to be charged or incurred per unit of product or service.