Process innovation refers to
A) development of new products.
B) implementation of better methods of producing products.
C) first discovery of new scientific principles.
D) widespread imitation of innovations.

Question

Quizplus · Accepted Answer

Process innovation is about improving the way products are produced, rather than developing new products or discovering new scientific principles. It often involves finding more efficient and effective ways to manufacture goods, which can result in cost savings and increased productivity for businesses.

Process Innovation Refers to