Which of the following should an organization do in order to obtain a competitive advantage through superior innovation?Multiple Choiceset up a strong team to handle after-purchase supportproduce products with technologies that have not been used previouslydecrease the number of product attributes and lower the price of its productsreduce the number of components that go into its productsprovide high-quality products to create a brand-name reputation for its products
Question
Which of the following should an organization do in order to obtain a competitive advantage through superior innovation?Multiple Choiceset up a strong team to handle after-purchase supportproduce products with technologies that have not been used previouslydecrease the number of product attributes and lower the price of its productsreduce the number of components that go into its productsprovide high-quality products to create a brand-name reputation for its products
Solution
In order to obtain a competitive advantage through superior innovation, an organization should "produce products with technologies that have not been used previously". This is because innovation often involves the introduction of new technologies or the novel application of existing technologies. By doing so, the organization can differentiate its products from those of its competitors, potentially attracting customers and gaining a competitive advantage.
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