Which of the Following Forms of Innovation Focuses on Better

question 33

Multiple Choice

Which of the following forms of innovation focuses on better ways of doing things?

• A) Product innovation
• B) Process innovation
• C) Business model innovation
• D) Social business innovation
• E) Paradigm innovation

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Definitions:

Repetitive Tasks

Simple or complex activities performed repeatedly by an individual, often associated with manual or clerical jobs, which can lead to monotony and potential health issues.

Mainstream Economics

a body of economic thought and theories that are widely accepted and practiced by economists, focusing on market structures, economic efficiency, and the role of government.

Economic Efficiency

The optimal allocation of resources where output is maximized for a given set of inputs, or the input cost is minimized for a certain level of output.

Unions

Organizations formed by workers from related fields that work for the collective welfare of their members, focusing on negotiating wage rates, work practices, and benefits.