The process of creating new products or services is called
A)parallel competition.
B)incremental innovation.
C)pure innovation.
D)pure imitation.

Question

Quizplus · Accepted Answer

Pure innovation refers to the creation of new products or services that have not existed before. Parallel competition involves the development of similar products or services simultaneously by different companies. Incremental innovation involves making small improvements to existing products or services. Pure imitation involves copying existing products or services without making any significant changes. Therefore, C is the best choice as it accurately describes the process of creating new products or services.

The Process of Creating New Products or Services Is Called