Research Indicates That the Majority of New Products Are Innovative,while

question 10

True/False

Research indicates that the majority of new products are innovative,while a smaller percentage are revisions of existing products.

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Definitions:

Depositary Bank

A financial institution that holds assets or securities in custody for its clients, facilitating trading and safekeeping of these assets.

Payor Bank

The bank on which a check is drawn, responsible for paying the check when it is presented for payment.

Intermediary Banks

Banks that act as mediators in financial transactions between counterparties, especially in international banking when a direct transaction is not possible.

Unconditional Promise

A pledge or commitment that is absolute and not subject to any conditions or contingencies.