Examlex
Which of the following is true?
Innovation Process
The systematic approach to developing and implementing new ideas, products, or processes, from initial conception through to successful market introduction.
New Washing Machine
Refers to a recently introduced model or unit of a household appliance designed for laundering clothes and textiles.
Initial Model
The first or preliminary version of a model that provides a basic framework for understanding or representing a concept or system.
Business Cycle
The natural rise and fall of economic growth that occurs over time, including periods of expansion, peak, contraction, and trough.
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