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What Are the Two Important Considerations for Service Innovation

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Essay

What are the two important considerations for service innovation?


Definitions:

Profit Motive

The intent to achieve financial gain, which drives individuals and companies to engage in business activities.

Government Subsidies

Financial support provided by the government to firms, individuals, or other governmental bodies, often aimed at promoting economic and social policies.

Production Process

The sequence of operations or activities involved in converting inputs into finished goods or services.

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