Using Robots to Improve Manufacturing Efficiency Is an Example of Product

question 37

True/False

Using robots to improve manufacturing efficiency is an example of product innovation.

---

Definitions:

Actual Market

The existing marketplace where products or services are being traded, as opposed to potential or targeted markets not yet reached.

Financial Resources

Financial resources are the funds that are available to a business for spending in the form of cash, liquid securities, and credit lines.

Staircase Analysis

A method of analyzing the incremental steps a company must take to reach a higher level of performance or goal.

Strategic Business Units

Autonomous divisions within large companies that focus on specific market segments or product lines and have their own strategy and objectives.