Within the organization, what is the process that includes a systematic and well-defined approach to innovation? a. product concept screening b. research and development c. new product development d. marketing strategy development e. business analysis

Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.