The Main Factors in Determining Whether the Innovator Can Make

question 9

True/False

The main factors in determining whether the innovator can make a good profit from an innovation are luck, and good timing.

---

Definitions:

Outside Supplier

A third-party company that provides goods or services to another company, as opposed to the company producing these items in-house.

Purchase Subcomponent

The act of buying parts or elements that will be used to assemble a final product.

Segment Margin

The amount of profit or loss generated by a particular segment of a business, considering only the revenues and expenses directly attributable to that segment.

Financial Advantage

The benefit gained in financial terms that puts an individual, company, or country in a better position compared to others.