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?

A 1 and 4
B 2 and 3
C 1, 3, and 4
D 2, 3, and 4
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