At ABC Manufacturing,the process of turning ideas into products/methods that can increase profits would be called which of these?

Question

Quizplus · Accepted Answer

Business model innovation refers to the process of developing new ideas and methods for creating value and increasing profitability. It involves transforming the way a company operates, including its products, services, distribution channels, and revenue streams. This is applicable to ABC Manufacturing as it describes the process of turning ideas into products or methods that can increase profits. The other choices are not as appropriate as they refer to different aspects of business management and operations.

At ABC Manufacturing,the Process of Turning Ideas into Products/methods That