A change in the technique for producing an existing product is known as
A) process innovation.
B) an increase in productivity.
C) invention.
D) investment.
E) product innovation.

Question

Quizplus · Accepted Answer

A process innovation refers to a change in the way a product is produced or delivered, such as introducing a new equipment or modifying the assembly line. This can lead to increased efficiency, cost savings, and improved quality. The other choices do not specifically refer to changes in production techniques.

A Change in the Technique for Producing an Existing Product