Steps in the innovation cycle of the value chain include
A) Delivering products and services
B) Designing products and services
C) Building products and services
D) Providing customer service

Question

Quizplus · Accepted Answer

The innovation cycle of the value chain typically begins with the ideation and design of new products and services. This may involve market research, brainstorming, prototyping, and testing. Once the product or service is designed, it can then be built, delivered, and supported with customer service. However, the initial step of designing is essential to identify opportunities and create something new that can add value to the market.

Steps in the Innovation Cycle of the Value Chain Include