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:

Book Fair

An event where books are displayed and sold, often featuring appearances by authors and various literary activities.

Stakeholder

An individual, group, or organization that has an interest in or is affected by the activities and decisions of a company or project.

Financial

Relates to matters involving money, investments, revenues, and expenses, often focusing on the management of these elements for individuals, businesses, or governments.

Social Incentives

Motivations or rewards based on social factors, such as recognition or status within a community, that influence behavior.