BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -New innovative products introduce a new way to do things using a product, while improved, innovative products have their functionality and features improved for better working. Examples of innovations are computers, the electric lawnmower, the light bulb, and Tesla electric cars.

Detailed explanation-2: -Product innovation is the process of creating a new product-or improving an existing one-to meet customers’ needs in a novel way. There are three key types of innovation: Sustaining innovation, in which a business consistently provides the highest quality products to its best customers.

Detailed explanation-3: -There are three types of product innovation: new product innovation, incremental changes of existing products, and new product features.

Detailed explanation-4: -The innovations include technological inventions such as wind turbines, photovoltaic cells, concentrated solar power, geothermal energy, ocean wave power and many other emerging innovations.