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    Question

    Identify the incorrect statement(s) about the types of

    innovation :
    A Product innovation directly contributes to competitive advantage. Correct Answer Incorrect Answer
    B Process innovation has no impact on operational efficiency. Correct Answer Incorrect Answer
    C Business model innovation often involves redefining traditional practices. Correct Answer Incorrect Answer
    D Process innovation is essential for cost-effectiveness and quality improvement. Correct Answer Incorrect Answer

    Solution

    Explanation:

    • Incorrect: Process innovation significantly impacts operational efficiency by enhancing production methods.
    • Correct: Product innovation drives competitive advantage, business model innovation involves restructuring practices, and process innovation is crucial for reducing costs and improving quality.

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