Which of the Following Is an Example of Innovation

question 34

Multiple Choice

Which of the following is an example of innovation?

• A)A company that redecorates its stores to look up to date
• B)A company that charges fees for late returns of rentals
• C)A company that lowers the price of its traditional product
• D)A company that invents a new way to deliver digital content
• E)A company that reduces its staff to cut operating costs

Grasp the practice and setting of government-to-citizen communications in public affairs.

Evaluate measures of success in public affairs campaigns.

Learn about historical legislative additions impacting communications.

Understand efforts to curb government spending on communications.

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Definitions:

Least Square Regression

A statistical method used to determine the line of best fit by minimizing the squared differences between observed values and the values predicted by the line.

Independent Variable

A variable in an experiment or model that is manipulated or changed to assess its effects on a dependent variable.

Scattergraph

A graphical representation used in cost accounting to show the relationship between a cost (dependent variable) and its driver (independent variable).

Contribution Margin Ratio

The proportion of sales revenue that remains after variable costs are subtracted, represented as a percentage of total sales.