Astatement that makes a factual claim about how the world actually works is called a positive statementa statement that makes a claim about how the world should be is called a normative statement innovation refers too a new producto a truly new idea

A statement that makes a factual claim about how the world actually works is called a positive statement. A statement that makes a claim about how the world should be is called a normative statement TRUE

Innovation refers to: a new product or service

Explanation:

Positive statements can be tested, and therefore they can be corrected. E.g. the US economy is the largest in the world.

Normative statements are based on values, judgments, and opinions, there is no clear right or wrong. E.g. the US economy is the best in the world.

In order for a new idea to become an innovation, it must be converted into a new product or service, or improve an existing product or service. Science generates ideas, but technology is the application of those ideas, it generates innovations.

decentralization can the employees to get more involved in the business decision making

answer/// there is an inverse relationship between price and quantity demanded;