What is meant by a closed system? How does this concept help us understand the course of technological change?
Q: Give a well explained answer. What's the benefit of expenditure on R&D in an economy.
A: Research and development, or R&D, is the process of discovering and developing novel ideas,…
Q: How do economies of scale affect business models in manufacturing industries, and how can smaller…
A: Economies of scale refer that when a manufacturing company starts their production on large scale it…
Q: What is the impact or effect of values, attitudes and beliefs on technological advancement?
A: Technology is defined as the accumulated knowledge and application of techniques, skills, methods,…
Q: what is the impact of digital technological developments on retailing, the supply chain and stock…
A: As the businesses around the world have gone digital there's been experienced a lot of changes in…
Q: In no fewer than 350 words, Why is technical writing important in our everyday lives?
A: Technical writing is written to educate, instruct, or lead someone on how to do a task.
Q: What does integration of Economies mean?
A: An economy is a complex system of interconnected production and consumption activities that govern…
Q: What are the possible sources of capital of micro economic business concept
A: : Micro-economics: Microeconomics investigates people, families, and firms' conduct in the dynamic…
Q: How do design, creativity, and innovation connect in our current environment?
A: Economic activities are incrasing in all over countries eithe developing or developed economy.…
Q: in your own words , summarize the relationship of science and technology, social , cultural,…
A: Answer: Science brings innovation through experiments research and the process of innovation and…
Q: Can you think of other situations where scarcity might affect the stability of a company?
A: As a good is produced, different costs are incurred by a firm and process of business follow ups.…
Q: Do you feel that overall technology positively or negatively impacts the economy? Cite two…
A: Production function of a firm shows the technical relationship between output produced and inputs…
Q: How prevalent and important are small entrepreneurial firms in economies around the globe?
A: Small entrepreneurial firms are businesses that are typically characterized by their size,…
Q: What is the meaning of the statement "Technology doesn't just get adopted because it works. It gets…
A: In a market, technology is one of the economic drivers that contribute to improving economic growth…
Q: What impact does technological change have on the economy?
A: Economic growth has three main indicators technological advances, capital accumulation, and increase…
Q: How the General Systems Theory works in research & development and marketing?
A: idea of general structures is an interdisciplinary ideational framework concentrating at the…
Q: What are the five groups on the diffusion of innovationcurve?
A: Innovation curve represents the relationship between the rate at which a new technology is adopted…
Q: How does innovation disrupt the flow of an economy to any given organization? Discuss
A: When talking about the term 'disrupt' it can be said that it is the hurdle or disturbance in a…
Q: How can intellectual property rights help spur innovation?
A: Intellectual property is the muse of innovation in our economy. Government-granted rights…
Q: Does innovation start with creativity? Do you agree? Why or Why not?
A: The given statement is correct. Creativity is the ability or act of making something original and…
Q: how do intellectual property rights drive innovation
A: Intellectual property (IP) rights, such as patents, trademarks, copyrights, and trade secrets,…
Q: a= 1, b= 9, c=1, d=8, e=8 8. A Factory manufactures three types of Cars. The fixed and variable…
A: Solution a) The payoff table is the table that represents and analyses a situation where there is a…
Q: What would be another example of a system in the real world that could serve as a metaphor for micro…
A: Microeconomics reflects on the function played by customers and enterprises in the market, including…
Q: s of an organization (e.g.Daraz) and identify relevant e-business systems (or modules) that can…
A: The five challenges of an organization and solutions are : 1. Poor communication : E-business has in…
Q: Explain promotion of modern technology?
A: Modern Technology is the usage of high tech machinery and equipment which are up to the mark with…
Q: How are the natural and technological environments linked?
A: Natural environment includes all the living and non-living things that are occurring naturally.…
Q: Describe the present day global innovation economy
A: The economy of a country means its economic position. A good economy means that the country gains…
What is meant by a closed system? How does this concept help us understand the course of technological change?
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