Question: 1 . Define innovation. 2 . How does innovation affect products or services? 3 . What is the difference between domestic good and foreign good.

1.Define innovation.
2. How does innovation affect products or services?
3. What is the difference between domestic good and foreign good. Give 2 examples in Saudi Arabia.
4. How has global competition affected some companies in Saudi Arabia. Give examples.
5. What is the difference between effectiveness and efficiency?
6. What is the difference between productivity and output?
7. Define downsizing. Give 3 reasons for why a company should downsize.

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