Garsynth Corporation Specializes in Preparing Eco-Friendly Products Out of Solid

question 55

Multiple Choice

Garsynth Corporation specializes in preparing eco-friendly products out of solid waste, old newspapers, and waste plastic. The firm employs individuals belonging to the weaker economic sections of the city. The company has engaged in _____ innovation.

• A) product
• B) red ocean
• C) reverse
• D) breakthrough
• E) social business

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Definitions:

Out-Of-Pocket Expenditures

Expenses for goods or services that are paid directly by an individual, without third-party assistance or reimbursement.

Medical Savings Accounts

Tax-advantaged accounts that individuals can use to save and pay for medical expenses, often with high-deductible health plans.

Catastrophic Health Insurance

Health insurance that is designed to provide coverage for major medical emergencies or serious conditions, typically with high deductibles and low monthly premiums.

Economic Theory

A set of principles and frameworks that aim to explain the processes governing production, distribution, and consumption of goods and services in an economy.