Which of the following is an example of innovation?
A)A company redecorates its stores to look up to date.
B)A company charges fees for late returns of rentals.
C)A company lowers the price of its traditional product.
D)A company invents a new way to deliver digital content.
E)A company reduces its staff to cut operating costs.

Question

Quizplus · Accepted Answer

Innovation refers to the creation of new ideas, methods, or products. In this case, inventing a new way to deliver digital content is an example of innovation. The other choices (A, B, C, and E) do not involve the creation of something new, but rather changes to existing practices or products.

Which of the Following Is an Example of Innovation