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Anaiya Brown
on Nov 26, 2024

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The following can increase the profits of an innovating firm, except

A) new product introductions.
B) existing product improvements.
C) imitation of its innovation by other firms.
D) successful process innovations.

Process Innovations

Improvements or new methods introduced in the production or delivery process of goods and services.

New Product Introductions

The process of bringing a new product to the market, including development, marketing, and commercialization phases.

Existing Product Improvements

Enhancements made to products already available in the market to increase their value, functionality, or appeal to consumers.

  • Identify the crucial impact of product and process innovation on a firm's competitiveness and financial performance.
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Yusuke YasumasuNov 30, 2024
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