How can innovation help a business?
Answer and explanation
Correct answer: By making work new and better
Innovation involves introducing a new or improved product, service, process, or method of reaching customers. It can reduce waste, improve quality, solve problems, or create greater customer value, although it should be tested for feasibility. Thus option A is correct. Driving customers away, hiding problems, or stopping planning does not represent innovation.
Frequently asked questions
What is the correct answer to this question?
By making work new and better
Why is this the correct answer?
Innovation involves introducing a new or improved product, service, process, or method of reaching customers. It can reduce waste, improve quality, solve problems, or create greater customer value, although it should be tested for feasibility. Thus option A is correct. Driving customers away, hiding problems, or stopping planning does not represent innovation.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
