Asked by
Shawn George
on Nov 26, 2024
Verified
Process innovation refers to
A) development of new products.
B) implementation of better methods of producing products.
C) first discovery of new scientific principles.
D) widespread imitation of innovations.
Process Innovation
The implementation of a new or significantly improved production or delivery method.
Scientific Principles
Fundamental concepts or laws that are based on scientific evidence and reasoning, serving as the foundation for scientific research and understanding of the natural world.
New Products
Innovations introduced to the market that meet new needs or better serve existing needs.
- Learn about the essence and significance of process innovation in the enhancement of production operations and its influence on a business's overall product curve and cost scheme.
Verified Answer
JO
Learning Objectives
- Learn about the essence and significance of process innovation in the enhancement of production operations and its influence on a business's overall product curve and cost scheme.