ARI Is a Leading Provider of Sales and Profit-Building Technology

question 85

Multiple Choice

ARI is a leading provider of sales and profit-building technology services for equipment dealers. When Unverferth Manufacturing wanted to change the way it supplied information to its dealers by implementing a website,it contacted ARI. ARI provided a solution that allowed Unverferth to replace its paper catalogues with catalogues on CDs and to create a website. Aided by supplier involvement,Unverferth was able to eliminate costly paper catalogues and gain the ability to provide up-to-the-minute information to its dealers. Which approach to innovation does this incremental change exemplify?

• A)generational  
• B)experiential  
• C)milestones  
• D)compression

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Definitions:

Adam Smith

An 18th-century Scottish economist and philosopher, often considered the father of modern economics, best known for his work "The Wealth of Nations."

Specialization

The process by which individuals, businesses, or economies focus on producing a limited range of goods or services to gain efficiencies.

Total Output

The total amount of goods or services produced by an economy or firm within a specific period.

Specialization

The practice of focusing production on a limited range of goods or services to gain efficiency.