Technological Innovation Can Provide an Innovative Company a Competitive Advantage

question 28

Multiple Choice

Technological innovation can provide an innovative company a competitive advantage, or _____________________ over its competitors both at home and
Abroad.

• A) power gap
• B) preference gap
• C) technological gap
• D) economic gap
• E) life cycle gap

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Definitions:

Regression Model

A mathematical representation used to estimate the relationship between a dependent variable and one or more independent variables.

Normally Distributed Residuals

Residuals (the differences between observed and predicted values) that are distributed according to a normal distribution, indicating a good fit for a linear model.

Normal Probability Plot

A graphical technique used to determine if a data set approximates a normal distribution, by plotting observed values against theoretically expected values in a normal distribution.

Histogram

A graphical representation that uses bars to show the frequency distribution of a dataset.