Which Approach to Innovation Assumes That Innovation Is Occurring Within

question 98

Multiple Choice

Which approach to innovation assumes that innovation is occurring within a highly uncertain environment and that the key to fast product innovation is to use intuition,flexible options,and hands-on experience to reduce uncertainty and accelerate learning and understanding?

• A)the compression approach  
• B)the experiential approach  
• C)the technological substitution approach  
• D)the generational change approach

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Definitions:

Food And Supplies

Items necessary for the preparation and service of food in industries such as catering or restaurants.

Net Operating Income

It is the total profit of a company after operating expenses are subtracted from total revenue but before interest and taxes are deducted.

Wages And Salaries

The compensation, including regular payments and benefits, paid to employees for their work or services.

Administrative Expenses

Overhead or general expenses related to the day-to-day running of a business, which do not directly tie to producing goods or services.