The Process of Creating New Products or Services Is Called

question 81

Multiple Choice

The process of creating new products or services is called

• A)parallel competition.
• B)incremental innovation.
• C)pure innovation.
• D)pure imitation.

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Definitions:

Strategic Plans

Long-term, comprehensive blueprints for how an organization will achieve its goals and meet the expectations of its stakeholders.

Work Methods

The strategies, techniques, or processes employed by individuals or groups to carry out their tasks, often optimized for efficiency, quality, or safety.

Production Plans

Detailed outlines that specify the activities, resources, timelines, and costs involved in producing a product or providing a service.

Logistics Plans

Detailed organization and implementation strategies for the efficient transportation and storage of goods from origin to consumption.