Tosho Electronics, a leading Japanese, electronic manufacturer believes shorter product life cycles of new products reduces the scope for R&D and innovation. Offer a possible reason for shorter lifecycles
What will be an ideal response?
Student answers may vary.
Rivals are quick to copy success of an innovation. An innovative product is copied even before the company recovers the cost of R&D. This leads to shorter product life cycles for products.
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A plot plan is drawn by an architect to show:
a. the materials the subcontractors used to construct the property. b. elevations and soil quality. c. when construction is scheduled to begin. d. the placement of construction and related land improvements.
A business that undertakes activities that benefit persons who are in no way connected with the
business is applying which theory of the social responsibility of business? A) Moral minimum B) Maximizing profits C) Stakeholder interest D) Corporate citizenship