A change in the technique for producing an existing product is known as
A)process innovation.
B)an increase in productivity.
C)product innovation.
D)investment.
E)invention.

Question

Quizplus · Accepted Answer

A change in the technique for producing an existing product is known as process innovation. This involves finding new and more efficient ways of producing goods or providing services. Examples of process innovation include the adoption of new equipment, automation, and the use of new methods for organizing work processes.

A Change in the Technique for Producing an Existing Product