GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ is a form of innovation directly associated with the technical development of existing products or processes or the creation of new ones.
A
Operations management
B
Research & development (R&D)
C
Total quality management
D
Kanban
Explanation: 

Detailed explanation-1: -There are three types of product innovation: new product innovation, incremental changes of existing products, and new product features.

Detailed explanation-2: -Incremental innovation focuses on small improvements to existing products and services to increase value or customer satisfaction. Sustaining innovation focuses on larger changes to gain or maintain a market-leader position.

Detailed explanation-3: -Incremental innovation occurs when the innovation uses existing technology to improve a product or service that addresses the existing market. Each new version of Appleā€™s iPhone that comes out is typically incremental innovation.

Detailed explanation-4: -Sustaining, or incremental innovation. Breakthrough innovation. Disruptive innovation. Basic research. 07-Nov-2022

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