What role does innovation play in making businesses successful?

Expert Solution

As we all know in today's market there is cut-throat competition

Every country wants to become better than the other company by standout in various strategies like advertising the product, quality of the product and promotion, etc

In all these above-given factors the innovation or creativity gives the company a different game plan to stand out in the rest of the crowds

Innovation can help in reducing the cost of production or improving the advertisement in lesser effort in etc

A business that comes up with regular innovative ideas and game plans are recognized by the customers differently and easily.

Rahul Sunny answered 2 years ago

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