Question: What is the difference between product innovation and process innovation? Multiple Choice 0 1 : 0 6 : 0 1 Product innovations occur when firms

What is the difference between product innovation and process innovation?
Multiple Choice
01:06:01
Product innovations occur when firms copy their competitors, while process innovations occur when firms offer new products.
Product innovations relate to improvements in what the firm offers, while process innovations relate to how the firm carries out its activities.
Product innovations are associated with brand new products, while process innovations are associated with improving existing products.
Product innovations relate to improvements in how the firm operates, while process improvements involve making the same products more cheaply.
What is the difference between product innovation

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