Asked by Jasmine Collymore on Jun 20, 2024
Verified
Service innovation involves offering a new or altered service for sale.
Service Innovation
The introduction of new or improved services to meet customer needs more effectively, often involving new technologies or business models.
- Realize the importance of maintaining adaptability and fostering innovation within the realm of small enterprises.
Verified Answer
MC
Madison CoriellJun 25, 2024
Final Answer :
True
Explanation :
Service innovation refers to the introduction of a new or significantly improved service concept, process, or delivery method, aiming to enhance service outcomes, meet new requirements, or improve efficiency, thereby offering a new or altered service for sale.
Learning Objectives
- Realize the importance of maintaining adaptability and fostering innovation within the realm of small enterprises.
Related questions
An Entrepreneur's Business Model Must Be Flexible in Order to ...
The Small Business Administration (SBA) Estimates There Are Over 220 ...
The US Small Business Administration Issues a New Regulation That ...
Which of the Following Is NOT One of the Defining ...
Which of the Following Is True About the Role of ...