Examlex
Which is a role administrative agencies play?
Product Innovation
The development of new or significantly improved goods or services to meet consumer needs or open new markets.
Process Innovation
Improvements in the methods or processes of producing goods or providing services to increase efficiency and reduce costs.
Resource Innovation
The process of finding new and improved ways of using resources to create products or services, often contributing to efficiency and sustainability in production.
Market Innovation
The introduction of novel products, services, processes, or business models that significantly change the dynamics of a market or industry.
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