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________ Refers to Efforts to Create Designs and Applications of Technology

question 69

Multiple Choice

________ refers to efforts to create designs and applications of technology to develop new products,while ________ refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.


Definitions:

Current Production

The total amount of goods and services produced by an economy or firm at the present time.

Canned Green Beans

A preserved food product consisting of green beans that are processed and sealed in an airtight container, which can be stored for long periods.

Complements

Products or services that complement each other, resulting in a rise in demand for one causing a corresponding increase in demand for the other.

Substitutes

Goods or services that can replace each other in use, whereby an increase in the price of one leads to an increase in demand for the other.

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