Which of the Following Statements Is True of Operational Innovations

question 30

Multiple Choice

Which of the following statements is True of operational innovations?

• A) They are less difficult to implement than product innovations.
• B) They have to be implemented before anyone can really see how they are going to work.
• C) They are regarded by most companies as the most important source of competitive advantage.
• D) They are overvalued by the current business culture.

---

Definitions:

Marginal Product

The additional output that is generated by employing one more unit of a particular input, holding other inputs constant.

Units of Output

The amount of product that a company produces in a given period.

Workers

Individuals engaged in any form of economic activity to earn a wage or salary, including both skilled and unskilled labor.

Total Cost

The complete cost of production that includes both variable and fixed costs.