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What role does innovation play in the growth and competitiveness of a business enterprise?a) Innovation is necessary to maximize short-term profitsb) Innovation helps in cutting costs and reducing operational risksc) Innovation is crucial for scaling up and gaining a competitive edged) Innovation primarily focuses on creating entirely new productsCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What role does innovation play in the growth and competitiveness of a business enterprise?a) Innovation is necessary to maximize short-term profitsb) Innovation helps in cutting costs and reducing operational risksc) Innovation is crucial for scaling up and gaining a competitive edged) Innovation primarily focuses on creating entirely new productsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What role does innovation play in the growth and competitiveness of a business enterprise?a) Innovation is necessary to maximize short-term profitsb) Innovation helps in cutting costs and reducing operational risksc) Innovation is crucial for scaling up and gaining a competitive edged) Innovation primarily focuses on creating entirely new productsCorrect answer is option 'C'. Can you explain this answer?.

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