__________ result in new or improved goods and services.
A) Process innovations
B) Product innovations
C) Technology innovations
D) Business-model innovations

Question

Quizplus · Accepted Answer

Product innovations result in the creation of new or improved goods and services, whereas process innovations improve the efficiency and effectiveness of existing production methods. Technology innovations refer to the advancement and improvement of the tools and techniques used to create products and services, while business-model innovations pertain to changes in the way businesses operate and generate revenue. Product innovation is the most applicable choice in this context.

__________ Result in New or Improved Goods and Services