Question
Which statement(s) about business innovation and its
importance is/are incorrect? I. Innovation is unrelated to customer preferences or market trends. II. Innovation helps businesses adapt to disruptive technologies. III. Operational efficiency and cost-effectiveness are often outcomes of process innovation. IV. Innovation plays no role in building resilience for businesses.Solution
Innovation is deeply connected to customer preferences and market trends, helping businesses stay relevant. Innovation strengthens resilience by enabling adaptation to change.
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