Innovation Can Take Many Forms, All Involving a Change of Some

question 14

Multiple Choice

Innovation can take many forms, all involving a change of some kind.Which of the following is NOT a form of innovation?

• A)Product (or service) innovation - changes in what is offered to the world
• B)Petroleum innovation - amount spent monthly by a business on its fuel costs
• C)Process innovation - changes in the way offerings are created and delivered
• D)Position innovation - changes in the context in which innovations are launched

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Definitions:

Enterprises

Organizations or businesses engaged in commercial, industrial, or professional activities.

Business Model

A conceptual framework that describes how a company creates, delivers, and captures value, outlining its products, customer base, and financial strategies.

Generating Revenues

The process of producing income for a business through its various operations.

Organizational Structure

The arrangement of duties, processes, reporting hierarchies, and communication pathways that connect the various segments within an organization.