Which of the Following Statements Is NOT True About Innovation

question 61

Multiple Choice

Which of the following statements is NOT true about innovation?

• A) Innovation as a competitive weapon can simultaneously create and destroy value.
• B) Successful innovation allows a firm to extract temporary monopoly profits.
• C) Innovation has to be high-tech in order to be a potent competitive weapon.
• D) Process innovations are made possible through advances such as the Internet.

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Definitions:

Problem Statement

A clear and concise description of an issue that needs to be addressed.

Business Report

A document that presents information in an organized format for a specific audience and purpose.

Situation

A set of circumstances or a scenario in which an individual finds themselves or that requires action or decision.

Information Gathering

The process of collecting data, facts, or details from various sources to enhance knowledge or inform decision-making.