_____ has become the new imperative for many firms, despite the need for companies to control costs in today's economy.
A) Technology
B) Outsourcing
C) Innovation
D) Communication
E) Delegation

Question

Quizplus · Accepted Answer

The statement implies that firms are currently facing a need to control costs in today's economy. Therefore, outsourcing and technology, which might often involve significant costs, are not the best choice for this scenario. Communication and delegation might help to improve efficiency, but they do not necessarily address the need for firms to innovate, which can help companies to create new opportunities, reduce costs, and improve competitiveness. Therefore, innovation has become the new imperative for many firms, as it enables them to create new products, improve processes, and reduce costs in the long run.

_____ Has Become the New Imperative for Many Firms, Despite