The creation of a new product is called
A) investment.
B) a rise in productivity.
C) process innovation.
D) creative destruction
E) product innovation.

Question

Quizplus · Accepted Answer

The creation of a new product is specifically referred to as product innovation. The other options are not specific to the development of a new product. Investment can refer to a variety of financial activities, a rise in productivity can result from many different factors, process innovation may involve improving existing products or services rather than creating new ones, and creative destruction refers to the replacement of existing products by new ones.

The Creation of a New Product Is Called