The Term Used to Describe New Products,services,methods,and Organizational Approaches That

question 57

Multiple Choice

The term used to describe new products,services,methods,and organizational approaches that allow businesses to achieve extraordinary returns is

• A) ROI.
• B) innovation.
• C) competitive advantage.
• D) sustainability.
• E) profit maximization.

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Definitions:

Rules-Based

A system or approach that is guided by a set of established rules or standards.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board that guide the financial reporting of companies globally.

Rise

An increase in a metric or quantity, often used in financial contexts to indicate growth or upward movement in value.

IFRS

International Financial Reporting Standards, a set of accounting rules prescribed for financial reporting on an international level.