Ask Question
BusinessBusiness
3 June, 17:34

Which of these is an example of innovation?

+3
Answers (1)
  1. 3 June, 18:15
    0
    Innovation are broken down into three general categories: product, process, and marketing innovation.

    Explanation:

    Product innovation: The development of a new product, an improvement of the existing product and a new feature to an existing product.

    Drivers of product innovation might be technological advancements, changes in customer requirements, or outdated product design.

    This innovation is generally visible to the customer and should result in a greater demand for a product.

    Process innovation: Henry Ford's invention of the world's first moving assembly line.

    Marketing innovation: Amazon found a new channel through technology by eliminating the traditional retail distribution channel and developing direct relationships.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of these is an example of innovation? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A bond issue with a face amount of $495,000 bears interest at the rate of 7%. The current market rate of interest is 8%. These bonds will sell at a price that is:
Answers (1)
How does context influence your communication? Consider the language and culture people grew up with, and the role these play in communication styles.
Answers (1)
The money supply represents the amount of money the Federal Reserve Bank makes available for people to buy goods a True or false
Answers (1)
This is a type of unemployment - usually cyclical - that should not exist during good economic times.
Answers (1)
When a good with a perfectly inelastic demand is taxed, the incidence of the tax is borne: A. by consumers and producers equally. B. mostly by producers. C. entirely by consumers. D. mostly by consumers. E. entirely by producers.
Answers (1)
New Questions in Business
Jake Skinner purchases a big screen TV on credit and will repay the loan with one payment at the end of 90 days. What type of credit did Jake use?
Answers (1)
Which most likely results from producers engaging in specialization? Producers reduce their costs. Producers increase their market share. Producers decrease the materials needed for production. Producers always offer more competitive pricing.
Answers (1)
The workers at State Hospital, a public sector employer, and Acme Inc, a private employer, are subject to speech censorship and arbitrary job termination. Constitutional issues are present only for the State Hospital workers. TrueFalse
Answers (1)
Kyle and lyle want to pool their inheritance money to make a joint investment. they are young and are willing to accept moderate to high risk over a number of years. which combination of investment options best suits their needs?
Answers (1)
Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year: Utilities for the store $ 10 comma 300 Sales commissions 10 comma 300 Sales revenue 164 comma 100 Purchases of
Answers (1)
Home » Business » Which of these is an example of innovation?
Sign Up Forgot Password?