Solved

Which of the Following Statements Holds True for Process Innovation

Question 47

Multiple Choice

Which of the following statements holds true for process innovation?


A) It refers to the generation of new business ideas through input from employees beyond a company's R&D department and even going outside the firm to enlist contributions from experts, customers, suppliers, and competitors.
B) It refers to companies setting up joint collaborative ventures with rival organizations to make improvements in the manufacturing process.
C) It refers to the implementation of a new or significantly improved process.
D) It refers to the innovation by consumers and end users, who are using (or want to use) the product in new ways beyond what the company originally intended.
E) It refers to companies setting up joint collaborative ventures with governmental organizations to improve the manufacturing process.

Correct Answer:

verifed

Verified

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

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents