_____ Approach to Research and Development Assumed That Innovation Proceeded

question 23

Multiple Choice

_____ approach to research and development assumed that innovation proceeded linearly from scientific discovery,to invention,to engineering,then manufacturing activities,and finally marketing.

• A) Demand-pull
• B) Market-pull
• C) Supply-push
• D) Science-push

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Definitions:

Indifference Curves

Graphical representations in economics showing combinations of goods that give the consumer equal satisfaction and utility.

Bundle

In economics, a combination of goods or services that is sold together as a single package, often for a price lower than the sum of the individual components.

Scones

Scones are a type of baked goods, originating from the United Kingdom, often lightly sweetened and served with tea.

Budget Constraint

An economic model representing all the combinations of goods and services that a consumer can afford with a fixed budget.