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    Question

    Which of the following is NOT a type of

    innovation?
    A Product innovation Correct Answer Incorrect Answer
    B Process innovation Correct Answer Incorrect Answer
    C Financial innovation Correct Answer Incorrect Answer
    D Competitive innovation Correct Answer Incorrect Answer

    Solution

    Competitive innovation is not a recognized type of innovation. The three main types of innovation are product innovation (introducing new or improved products), process innovation (enhancing production methods or business processes), and financial innovation (developing new financial instruments or services).

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