A Process Innovation

question 74

Multiple Choice

A process innovation

• A) involves major modifications of earlier products.
• B) involves changes the way in which a commodity is produced.
• C) is the introduction of a good or service that is entirely new.
• D) leads to an upward shift in the firm's average cost curve.

---

Definitions:

Six Elements

Essential components required for something to be complete or legally binding; the term contextually varies, such as in contracts or scientific compositions.

Propensity

A natural inclination or tendency towards a particular behavior or action.

Keeper

An individual responsible for the care or management of something, such as a property, animal, or institution.

Playfulness

An attitude or approach characterized by fun, lightheartedness, and a willingness to engage in playful activities.