Improvements aimed at lowering costs are called
A)process innovations.
B)product innovations.
C)structural innovations.
D)None of the above.

Question

Quizplus · Accepted Answer

Process innovations are aimed at lowering costs by improving the efficiency or effectiveness of a firm's operations and processes. Product innovations, on the other hand, are aimed at improving the quality or features of a firm's products, while structural innovations refer to changes in the organization's structure or business model.

Improvements Aimed at Lowering Costs Are Called