Saving is:a) the difference between real GDP and disposable income while savings is the difference between disposable income and consumption spending. b) the amount one does not consume in a given period of time while savings is the accumulation of past periods of saving. c) the difference between disposable income and spending on goods and services while savings is the difference between real GDP and disposable income. d) the accumulation of past periods of savings while savings is the amount of disposable income that is not consumed in a given period of time.

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation