Question
Consider the following statements regarding
Innovation: Innovation only refers to the creation of new products. Process innovation focuses on enhancing production methods or delivery techniques. Business model innovation includes redefining how value is created, delivered, and captured. Product innovation does not consider customer preferences. Which of the above statements are correct?Solution
Explanation: Statement 1 is incorrect because innovation encompasses new ideas, processes, and products, not just new products. Statement 2 is correct as process innovation focuses on enhancing methods or delivery techniques. Statement 3 is correct since business model innovation involves redefining value creation and delivery. Statement 4 is incorrect as product innovation highly considers customer preferences.
Which article of the Indian Constitution specifies the term of office for a Governor?
What is the main objective of the MoU between CSIR and MSSRF which was in news recently?
According to data from Centre for Monitoring Indian Economy (CMIE), Unemployment rate in India rose to ___ per cent in December 2022.
In which Rajasthan district is the world's first 'Om' shaped temple under construction?
Which team clinched the inaugural Indian Premier League (IPL) championship?
Which ancient university's spirit did PM Modi seek to revive during his Independence Day speech?
Who is the current President of Associated Chambers of Commerce and Industry of India (Assocham)?
Who has been appointed as the new Chairman and Managing Director of Bharat Electronics Limited (BEL)?
What was India’s forex reserve as of the week ending February 28, 2025?
- What is the name of the poverty eradication program launched by Andhra Pradesh CM in 2025?
Relevant for Exams:
