By the End of the 1990s,there Had Been a Substantial

question 25

Multiple Choice

By the end of the 1990s,there had been a substantial contraction in the building society sector.What is the principal reason for this contraction in building societies?

• A) Loss of confidence in building societies by individual investors
• B) Conversion of building societies to banks
• C) Increased cost of regulation by the Australian Prudential Regulation Authority (APRA)
• D) Rationalisation through the merger of small building societies

Distinguish between different types of innovations: performance-improving, efficiency-enhancing, and market-creating innovations.

Identify the reasons and benefits companies have for choosing specific types of innovations.

Recognize the role of risk-taking and preparedness in the innovation process.

Understand the significance of reaching and creating a new class of consumers through innovation.

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Definitions:

Electronic Communication

The transfer of information using electronic mediums such as email, instant messaging, social media platforms, or text messaging.

Oral Interaction

Communication that involves speaking and listening, as opposed to written or non-verbal exchanges.

"I" Statement

"I" Statement is a communication technique used to express one's feelings or thoughts in a non-confrontational manner by focusing on personal perception.

Information Overload

The phenomenon of being overwhelmed by a large volume of information, making it difficult to make decisions or extract relevance.