Asked by Viralou Zafico on Jun 25, 2024
Verified
Kodak introduced to the marketplace a digital camera that uses no film but that takes photos that can be shown on personal computers.This is an example of:
A) economies of scale.
B) product innovation.
C) process innovation.
D) venture capital.
Digital Camera
A device that captures photographs in digital format, allowing for storage, display, and sharing on electronic platforms.
Product Innovation
The development and sale of a new or improved product (or service).
- Differentiate between the concepts of product innovation and process innovation, along with their effects on businesses and industry sectors.
Verified Answer
IŠ
Imrañ Š?ataratJun 26, 2024
Final Answer :
B
Explanation :
The introduction of a new product that uses different technology (digital instead of film) is an example of product innovation.
Learning Objectives
- Differentiate between the concepts of product innovation and process innovation, along with their effects on businesses and industry sectors.
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