πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Identify the incorrect statement(s) about the types of

      innovation :
      A Product innovation directly contributes to competitive advantage. Correct Answer Incorrect Answer
      B Process innovation has no impact on operational efficiency. Correct Answer Incorrect Answer
      C Business model innovation often involves redefining traditional practices. Correct Answer Incorrect Answer
      D Process innovation is essential for cost-effectiveness and quality improvement. Correct Answer Incorrect Answer

      Solution

      Explanation:

      • Incorrect: Process innovation significantly impacts operational efficiency by enhancing production methods.
      • Correct: Product innovation drives competitive advantage, business model innovation involves restructuring practices, and process innovation is crucial for reducing costs and improving quality.

      Practice Next

      Relevant for Exams:

      ask-question