Which of the Following Is an Operational Innovation

question 9

Multiple Choice

Which of the following is an operational innovation?

• A) A pharmaceutical company introducing a new car into the market
• B) An automobile company reducing the assembly time for its cars by reducing the cars' parts
• C) A business consulting firm launching a new clothing line for children
• D) A mobile phone manufacturer launching a new smartphone

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Definitions:

Tax Exemptions

Deductions from taxable income or specific revenues not subject to taxation, often granted to encourage certain activities or investments.

Patent

Guarantee to an inventor exclusive rights to an invention for 17 years.

Economic System

The organized way a country allocates its resources and distributes goods and services to its citizens, including capitalism, socialism, and communism.

Major Industries

Key sectors of the economy which are significant in terms of their output, employment, or revenue generation.