In the Course of Transformation That Must Happen from Following

question 78

Multiple Choice

In the course of transformation that must happen from following through with a radical innovation and taking advantage of it,the venture goes through a process called ________.

• A)feasibility assessment
• B)applied research
• C)idea generation
• D)creative destruction

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Definitions:

Good

A tangible item or service that can be bought, sold, or traded.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount they receive.

Tax

A necessary economic duty or another sort of imposition exacted from a taxpayer by a governmental agency to allocate funds for government activities and multiple public financial needs.

Good

A tangible item that satisfies some human want or need, which can be transferred from the producer to a buyer.