Which of the Following Statements Is True of Operational Innovations

question 30

Multiple Choice

Which of the following statements is True of operational innovations?

• A) They are less difficult to implement than product innovations.
• B) They have to be implemented before anyone can really see how they are going to work.
• C) They are regarded by most companies as the most important source of competitive advantage.
• D) They are overvalued by the current business culture.

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Definitions:

Advocacy Stage

A phase in the consumer decision-making process where individuals or groups promote or support a product, service, or idea.

Loyal Consumers

Customers who repeatedly purchase from a brand or business due to satisfaction, preference, or engagement with the product or service.

Preference

Preference is an individual's choice or priority among different options, often based on factors like taste, convenience, or value.

Repurchase

The act of buying a product or service again, indicating customer loyalty or satisfaction.