Which of the Following Describes a Technical Innovator

question 104

Multiple Choice

Which of the following describes a technical innovator?

• A) Has the status, authority, and resources to support an innovation
• B) Promotes a new technology throughout the organization
• C) Develops a new technology
• D) Coordinates the technological efforts of various business units
• E) Assesses technological implications

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Definitions:

Higher Price

An elevated cost or valuation of a product or service compared to previous levels.

Market

A place or mechanism where buyers and sellers of goods, services, or resources interact to exchange these commodities at prices determined by supply and demand.

Second-Degree Price Discrimination

A pricing strategy where prices vary according to quantity demanded or consumption levels, rather than across different consumer types.

Inverse Demand Function

A mathematical representation that expresses price as a function of quantity demanded, illustrating the relationship between the two inversely.