Question

    Which statement(s) about business innovation and its

    importance is/are incorrect? I.            Innovation is unrelated to customer preferences or market trends. II.            Innovation helps businesses adapt to disruptive technologies. III.            Operational efficiency and cost-effectiveness are often outcomes of process innovation. IV.            Innovation plays no role in building resilience for businesses.
    A I & IV Correct Answer Incorrect Answer
    B II & IV Correct Answer Incorrect Answer
    C I & III Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    Innovation is deeply connected to customer preferences and market trends, helping businesses stay relevant. Innovation strengthens resilience by enabling adaptation to change.

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