Technology innovation has become a crucial part of most firms strategy because:
A) technology innovation generates competitive advantage
B) most firms produce only a few related products
C) companies have been taking longer to introduce new products
D) sales and profits from new products has been decreasing

Question

Quizplus · Accepted Answer

Technology innovation is essential for firms as it helps them gain a competitive edge in the market by offering unique products or services, improving efficiency, and responding to changing consumer demands.

Technology Innovation Has Become a Crucial Part of Most Firms