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It involves developing new products or
improving existing technologies, processes,
designs and marketing to solve problems,
increase efficiency, reach new customers,
and ultimately increase profits.

a. business opportunity
b. entrepreneurship
c. social change
d. socioeconomic
e. livelihood
f. business venture
g. relevance
h. business innovation
i. entrepreneur
j. economy ​

Respuesta :

Baraq

Answer:

h. business innovation

Explanation:

Business innovation is a term that describes a situation whereby a firm initiates the latest techniques or methods in the production of goods and, or delivery of services.

The purpose is to create a beneficial transition and change in the operation of business activities to gain more profits.

In other words, business innovation involves enhancing existing strategies or exercises, or in some cases beginning afresh.

Hence, going by the definition in the question. The correct answer is BUSINESS INNOVATION: It involves developing new products or improving existing technologies, processes, designs, and marketing to solve problems, increase efficiency, reach new customers, and ultimately increase profits.

Business innovation is the answer.

Business innovation refers to activity company undertakes by implementing new business processes, ideas, products or services with the main aim of increasing efficiency and profit

  • The bringing up of ideas for creation of new and improved products or services into market is known as Business Innovation

  • The initiation of Business Innovation activity is possible through intense brainstorming.

  • Business innovation generally increase a company's efficiency and improve its profitability level.

Learn more about Business Innovation here

brainly.com/question/1384274