Two important types of innovation are _______________.
A)Technology and process
B)Product and people
C)Product and process
D)Process and people

Question

Quizplus · Accepted Answer

Product innovation refers to the development of new or improved goods or services, while process innovation refers to the development of new or improved ways of producing goods or services. These two types of innovation are both important for businesses to stay competitive and meet the changing needs of their customers. By introducing new products and improving production processes, companies can increase efficiency, reduce costs, and attract new customers. People and technology are also important factors in innovation, but in this case, the question specifically asks about types of innovation.

Two Important Types of Innovation Are _______________