If new or improved products are introduced to the marketplace:
A)Process innovation.
B)Product innovation.
C)Production improvement
D)Labor innovations.
E)none of the above.

Question

Quizplus · Accepted Answer

When new or improved products are introduced to the marketplace, it is considered a product innovation. Process innovation refers to improving the methods or techniques used to produce a product or service. Production improvement is a broad term that could refer to various types of improvements in the production process, such as increasing efficiency or reducing waste. Labor innovations would refer to new or improved ways of organizing or utilizing the workforce. None of these options perfectly match the introduction of new or improved products, making product innovation the best choice.

If New or Improved Products Are Introduced to the Marketplace