Which of the following best exemplifies innovation?
A)ABC Inc.cut the prices of its products by 10 percent
B)ABC Inc.entered the Chinese market
C)ABC Inc.offered a "me-to" product similar to that of a competitor
D)ABC Inc.developed a new business model by going directly to customers Developed a new business
E)ABC Inc.cut its cost by 10 percent

Question

Quizplus · Accepted Answer

Developing a new business model is the best example of innovation as it involves creating a new way of conducting business that is different from the established norm. This requires creativity, risk-taking, and a willingness to experiment and adapt to changing circumstances. The other options involve cost-cutting, market expansion, or simply following the competition, but do not necessarily involve true innovation.

Which of the Following Best Exemplifies Innovation