menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Strategic Management Study Set 2
  4. Exam
    Exam 3: Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability
  5. Question
    Innovation Refers to the Act Of
Solved

Innovation Refers to the Act Of

Question 30

Question 30

Multiple Choice

Innovation refers to the act of:


A) seeking patent protection for new products.
B) creating new products and processes.
C) measuring time taken for a service to be provided.
D) measuring the output produced by an employee. E) identifying and satisfying the needs of a customer.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q7: Absorptive capacity refers to the ability of

Q22: The primary activities of the value chain

Q25: Kim's Apparel was a very popular clothing

Q26: Benchmarking can be defmed as the practice

Q27: Benchmarking is a practice in which a

Q31: Unfortunately, quality-as-excellence and quality-as-reliability are concepts that

Q36: If a company's profitability is higher than

Q50: Competitive advantage is based on:<br>A) distinctive competencies.<br>B)

Q52: The more utility a company creates for

Q73: The price a company charges for a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines