Some Companies Use __________ Innovation by Creating Innovative, Low-Cost Products

question 90

Short Answer

Some companies use __________ innovation by creating innovative, low-cost products for emerging markets and then quickly and inexpensively repackaging them for sale in developed countries.

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Definitions:

Work-sampling Procedure

A statistical technique used in the study of time management and efficiency, which involves observing and recording the working time and idle time of tasks or workers at random intervals.

Work Sampling

A method used to estimate the proportion of time spent by workers on different activities, through random observations over a period of time.

Stopwatch Study

A time measurement technique used to observe and record the time taken to perform a specific task, often for the purpose of improving operational efficiency.

Adequate Sample

is a sample size considered sufficient for statistical analysis, ensuring the results are reliable and reflective of the whole population.