Which of the Following Scenarios Best Describes a Process Innovation

question 121

Multiple Choice

Which of the following scenarios best describes a process innovation?

• A) A firm launching a new car model with basic features and systems
• B) A restaurant where customers are allowed to order dishes after taking a sample
• C) A footwear manufacturer introducing a unique range of shoes
• D) A firm introducing a new software to protect computers from viruses
• E) A firm changing its line of business from manufacturing eyewear to producing watches

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Definitions:

Liabilities

Financial obligations owed by a business to others, such as loans, accounts payable, and mortgages, which must be paid in the future.

Debts

Money that is owed or due to another individual or entity.

Assets

Assets are resources owned by a business or individual that have economic value and can bring about future benefits, such as cash, real estate, and machinery.

Liabilities

Financial obligations or debts of a business that arise during the course of its operations, required to be settled over time.