Asked by Elaiha Ramos on May 16, 2024
Verified
FinTech firms assist manufacturers in the development and implementation of process technology innovation.
FinTech Firms
Companies that innovate and provide technological solutions for the finance sector, often disrupting traditional banking services and methods.
Process Technology Innovation
The introduction of new or significantly improved technologies or methods in the production process to enhance efficiency, quality, or environmental performance.
- Gain comprehension of the critical role and practical applications of cost management techniques, including activity-based costing, the learning curve, and total cost of ownership.
Verified Answer
RP
Reshma PatelMay 22, 2024
Final Answer :
False
Explanation :
FinTech firms primarily focus on innovations in financial technologies, services, and products, rather than assisting manufacturers with process technology innovation.
Learning Objectives
- Gain comprehension of the critical role and practical applications of cost management techniques, including activity-based costing, the learning curve, and total cost of ownership.