Which of the following firms is most likely to seek radical innovation?
A) a high-tech firm in telecommunications
B) a traditional publishing company
C) a small scale FMCG company
D) a firm that procures and markets wheat
E) a firm that sells mineral water

Question

Quizplus · Accepted Answer

High-tech firms in telecommunications operate in a fast-paced industry where technological advancements are rapid and constant. To stay competitive, these firms are more likely to seek radical innovations that can significantly alter the market landscape or create new markets. Traditional publishing companies, FMCG companies, firms in the agriculture sector like those dealing with wheat, and companies selling mineral water typically focus on incremental innovations to improve their products and processes rather than seeking radical changes.

Which of the Following Firms Is Most Likely to Seek