Which of the following is an example of innovation?
A)A company that redecorates its stores to look up to date
B)A company that charges fees for late returns of rentals
C)A company that lowers the price of its traditional product
D)A company that invents a new way to deliver digital content
E)A company that reduces its staff to cut operating costs

Question

Quizplus · Accepted Answer

Innovation is the introduction of new goods and services, such as a new way to deliver digital content. A firm must adapt to changes in consumer demands and to new competitors.

Which of the Following Is an Example of Innovation