The corporation's life cycle can be extended by managerial and product innovation.

Question

Quizplus · Accepted Answer

Managerial innovation can involve finding more efficient ways to operate the business, improving organizational structure, and developing new management techniques. Product innovation involves creating new or improved products to meet changing market demands. Both types of innovation can help the corporation adapt to changes in the market and extend its life cycle.

The Corporation's Life Cycle Can Be Extended by Managerial and Product