The term used to describe new products,services,methods,and organizational approaches that allow businesses to achieve extraordinary returns is
A) ROI.
B) innovation.
C) competitive advantage.
D) sustainability.
E) profit maximization.

Question

Quizplus · Accepted Answer

Innovation refers to the introduction of new ideas, products, services, methods, or organizational approaches that create value and enable businesses to achieve extraordinary returns. This can lead to a competitive advantage and increased profitability. ROI, sustainability, and profit maximization are all important concepts in business, but they do not necessarily reflect the same level of innovation and creativity as the introduction of new ideas and approaches. Competitive advantage is closely related to innovation, as businesses can gain an edge over their rivals by constantly introducing new and better ways of doing things.

The Term Used to Describe New Products,services,methods,and Organizational Approaches That