Process Innovation ______

question 92

Multiple Choice

Process innovation ______.

• A)is the development and introduction of a brand-new product or service through changes in product design
• B)is the development and introduction of a brand-new product or service through changes in materials and components used in the product
• C)refers to the way materials are ordered and delivered to a company
• D)refers to the changes in the way in which product is produced or a service is delivered within the firm or across a supply chain.

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Definitions:

Synopsis

A brief summary or overview of the content of a document, presentation, film, or work, highlighting its main points and themes.

Strategic Planning

The process of defining a company’s direction and making decisions on allocating its resources to pursue this strategy.

Objectives

Specific, measurable goals set by an individual or organization that aim to achieve a desired outcome or performance level.

Mission Statement

A structured outline that describes the goals and ethics of a business, group, or individual.