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... Lv 7. Improvement Patents. Implementing technology and improving business processes go hand in hand. 7 - Compute the average total cost, average variable... Ch. 7 - Do you think that the taxicab industry in large... Ch. Although technology can sometimes distract us, there are useful programs, tools and methods out there that can help boost productivity. Most patents granted today are improvement patents. Teachers can also utilize technology to discover resources and go to virtual expert improvement courses and conferences (most are free). 8 years ago. We can usually make improvement to these processes without any need for technology change to make substantial gains in these areas. From the invention of X-ray machines to advances in surgical practices, technology has made us healthier and increased life expectancies[1]. 7 - A firm is considering an investment that will earn... Ch. Ch. Michael Castelluccio, editor of the Strategic Finance TechNotes blog, wrote “Robots in the Field” (October 26, 2016), describing an innovative use of robotics. To learn about patents in general, see Qualifying for a Patent FAQ. 7 - How would an improvement in technology, like the... Ch. He admits that this technology isn’t ready to use, but the company is pursuing its potential to improve processes and customer service. Another emerging technology is robotics. Fonts were difficult to read and books were extremely small. Favorite Answer. 7 - Return to Figure 7.7. About three decades ago books consisted of black and white pictures and text. Technology enables business process changes and improvements, provided that we know what the product is capable of. New and Modernized Designs of Educational Materials. Technology has been instrumental in the improvement of books and educational materials. Think about the CI projects you have worked on in the past, and ask yourself how many of them required a change in technology to accomplish. Here are 6 ways technology can (and does) improve education. In my experience, the answer is very few. 1. None of the above. A. rightward shift of the supply curve. An improvement in technology causes a(an)? Applying new technology and keeping processes the same can hold us back from leveraging the full potential of technology products. If the technological improvement is such as to increase productivity on an existing product, then you would get a … As we move further into the 21st century, we continue to develop technologies that cure illnesses and improve our quality of life. What is the marginal gain in... Ch. Improvement patents can add something to an existing product, incorporate new technology into an old product, or find a new use for an existing product. 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